Phil has decided to change his investment strategy and wants to sell his shares in a closely held, all equity firm. The other shareholders have agreed to have the firm borrow $256,500 to purchase Phil's 14,000 shares of stock at the current market value. The total number of shares outstanding is 1,000,000. What will be the new price per share after the repurchase? Ignore taxes. $12.56 $14.00 $15.44 $16.88 $18.32