Ms. Kraft owns 115,000 shares of the common stock of Copperhead Corporation with a market value of $15 per share, or $1,725,000 overall. The company is currently financed as follows:

Common stock (8 million shares) has a Market value of $315 million

Short-term loans has a Market value of $ 2 million

Copperhead now announces that it is replacing $1 million of short-term debt with an issue of common stock. What action can Ms. Kraft take to ensure that she is entitled to exactly the same proportion of profits as before?

What percent of the firm does Ms. Kraft currently own?(Do not round intermediate calculations. Enter your answer as a percent rounded to 3 decimal places.)

Ownership percentage%

Find the value that Mrs Kraft should borrow or lend (Do not round intermediate calculations. Round your answer to the nearest whole number.)

Ms. Kraft should ( borrow or lend)($_______)and (buy or sell)that much of Copperhead stock.