My firm's equity currently trades at $100/share. My estimate of the increase in the value of the firm due to our plan to recapitalize the firm (through debt issuance and share repurchase) works out to $10.00 per share in value. If there are 100 million shares outstanding before the recapitalization, and I borrow 110 million dollars for the recapitalization (all of which will be used for the buyback), how many shares outstanding are there after execution? 99 million 98.9 million 90 million 90.1 million 101 million