million and repurchasing shares, that Hawar pays a corporate tax rate of $30\%,$ and that shareholders expect the change in debt to be permanent.

a$.$ If the only imperfection is corporate taxes, what will be the share price after this announcement?

b$.$ Suppose the only imperfections are corporate taxes and financial distress costs. If the share price rises to $$4\mathrm{.}93$ after this announcement, what is the PV of financial distress costs Hawar will incur as the result of this new debt?

a$.$ If the only imperfection is corporate taxes, what will be the share price after this announcement?

The share price after this announcement will be $ per share. $($Round to the nearest cent.$)$

b$.$ Suppose the only imperfections are corporate taxes and financial distress costs. If the share price rises to $$4\mathrm{.}93$ after this announcement, what is the PV of financial distress costs Hawar will incur as the result of this new debt?

The PV of financial distress costs will be $ million. $($Round to two decimal places.$)$