Kalypso Informatics (KI) has 30 million shares outstanding with a market price of $20 per share and no debt. Kl has had consistently stable earnings, and pays a 21% tax rate. Management plans to borrow $200 million on a permanent basis through a leveraged recapitalization in which they would use the borrowed funds to repurchase outstanding shares. If I can repurchase its existing shares at $20 per share, what will the new share price be after the transaction? O A $22.35 B. $22.65 OC. $22.00 OD. $22.10