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In previous years, Cox Transport reacquired 4 million treasury shares at $22 per share and, later, 2 million treasury shares at $28 per share. If
In previous years, Cox Transport reacquired 4 million treasury shares at $22 per share and, later, 2 million treasury shares at $28 per share. If Cox now sells 3 million treasury shares at $30 per share and determines cost as the weighted-average cost of treasury shares, by what amount will Coxs paid-in capital - share repurchase increase? (Enter your answer in millions (i.e., 10,000,000 should be entered as 10).)
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