P14-8 (similar to) Question Help Schwartz Industry is an industrial company with 93.9 milion shares outstanding and a market capitalization (equity value) of $3.56 billion. It has $2.43 billion of debt er 14 outstanding, Management have decided to delever the firm by issuing new equity to repay all outstanding debt. a. How many new shares must the firm issue? 20 b. Suppose you are a shareholder holding 100 shares, and you disagree with this decision. Assuming a perfect capital market, describe what you can do to undo the offect of this decision ./20 *(6 a. How many new shares must the firm isso? ted The firm must issue million shares. (Round to one decimal place.) hs: 9