Is share repurchase is a good deal if after the repurchase, the share price increase from $114 per share to $117 per share and the total value of the firm increase from $16.2 million to $16.5 million?

Discuss clearly how share repurchase has affected the total value of the firm.

15 16 17 Value of debt 000s 18 Mkt value of Equity 000s 19 Share price 20 Num Shares Outstanding in 000s 21 Num shares repurchased 22 Q5 Initial At announcement After repurchase 17197000 17197000 27,197,000 144,956,835 148,606,835 138,606,835 $ 114.33 $ 117.21 $ 117.21 1,267,881 1,267,881 1,182,551 85,330 23 24 25 26 Total value of the firm in 000s 27 Initial 162153835 Q6 At announcement 165803835 After repurchase 165803835