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Harris Corporation is an all - equity firm with 1 0 0 million shares outstanding. Harris has $ 2 5 0 million in cash and
Harris Corporation is an allequity firm with million shares outstanding. Harris has $ million in cash and expects future free cash flows of $ million per year. Management plans to use the cash to expand the firms operations, which will in turn increase future free cash flows by If the cost of capital of Harris investments is how would a decision to use the cash for a share repurchase rather than the expansion change the share price?
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