Levy Corp. is an unlevered firm worth $507,000 (market value). There are 14,000 shares of stock outstanding. The company just announced that, to change the capital structure, it will repurchase $22,400 worth of stock with borrowed fund in six months. The interest rate for the borrowing is 6%. The tax rate for the firm is 20%. If the stock market is efficient, what is the cost for repurchasing each share of the stock? A. $51.21 B. $36.53 C. $36.00 D. $53.22