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In previous years, Cox Transport reacquired 4 million treasury shares at $18 per share and, later, 1 million treasury shares at $23 per share. If
In previous years, Cox Transport reacquired 4 million treasury shares at $18 per share and, later, 1 million treasury shares at $23 per share. If Cox now sells 2 million treasury shares at $26 per share and determines cost as the weighted-average cost of treasury shares, by what amount will Cox's paid-in capital-share repurchase increase? (Enter your answer in millions (i.e., 10,000,000 should be entered as 10).) Answer is complete but not entirely correct. Paid-in capital-share repurchase will increase by $ 16 million
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