Northern issued $21,000,000 in new debt to buy back stock. . The firm had no short-term investments before or after the recapitalization. Northern had 1,500,000 shares outstanding before the recapitalization. Northern's capital structure now has 35% debt. . The company's operations are valued at $60 million after recapitalization. Based on the information available, solve for the values in the following table. Click on the dropdown menus and then select the that you are in a Modigliani and Miller (M&M) world with no taxes. Stock price before the repurchase Number of shares repurchased Value of equity post repurchase Value

- Northern issued $21,000,000 in new debt to buy back stock. - The firm had no short-term investments before or after the recapitalization. - Northern had 1,500,000 shares outstanding before the recapitalization. - Northern's capital structure now has 35% debt. - The company's operations are valued at $60 million after recapitalization. Based on the information avaliable, solve for the values in the following table. Click on the dropdown menus and then select the that you are in a Modigliani and Miller (M\&M) world with no taxes