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Payday Inc.wants to issue $2 million of debt @ 5% to either issue a dividend or complete a share repurchase. The stock is currently trading

Payday Inc.wants to issue $2 million of debt @ 5% to either issue a dividend or complete a share repurchase. The stock is currently trading at $25 per share and there are 500,000 shares outstanding. The tax rate is 20%. What would be the new share price if Payday Inc. used the debt to complete a buyback? What would be the new share price if Payday Inc. issued a dividend? What would be the new shares outstanding if Payday Inc. repurchased shares

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