please provide explanations and show your work

Karen Knex Exports, Inc, is a public company located in Ciancy, New Mexico. The Knox famly sill owns a third of the outstanding voting stares, Knix is the only compary with reliable sources for its imported of tss. The company does a brisk business with specialy stores such as Neiman Marcus. Knor's recent success has made the company a prime ticget for a takiover, An irventnent group is attempting to buy 52 percent of Knor's outstanding shares againut the withes of Knox's board of droctors. Board mernbers are convincod that the investors would sol the rost deairatio pieces of the butiness and leave itte of value. At me most recent board meeting, several suggestions were advanced to tight of the hostle taknover bid. The suggestion with the most promise is to recurchase a significant quantity of outstanding shares. Knox has the cash to camy out this plan. Required Suppose you are a significant shareholder of Karen Knox Exponts, Ine. Completo the memocandum to explain to the boued how the repurchase of shares would make it difficult for the investor groip to tave over Knox include a discussion of the effect that repurchasing shares would have on shaces cutstanding and on the size of the corporation. To: Karen Knax Exports, inc, Board of Directors Re: How the repurchase of shares would make it difficult for the investor group to take over Knox. Purchasing shares If Karen Knox Exports repurchisses a signiticant quantiy of shares, outsiders, such as the investor grcup. acpure a controlling interest (SO+ percent) of the outstanding shares from the remaining shareholders Because it takes caah to repunchase shares, the purchase the size of the corporation. Reducing the company's cash position may make the company turficiontly unattractive to cause the outside investors to abandon their takeover plan. These account balances at December 31 relate to Sportworld Inc:: What is total sharsholders' equity for Sportwortd Inc? A. $762,800 B. $749,800 C. $761,235 D. $754,800 E. None of the above