please see parts a and b

Schwartz industry is an industrial company with 92.5 milion shares outstanding and a market capitalization (equity value) of $3.89 bilion. It has $2,36 billion of debt outstanding. Management have decided to delover the firm by issuing new equity to repay all outstanding debt. a. How many new shares must the firm issue? b. Suppose you aro a shareholder holding 100 shares, and you disagree with this decision. Assuming a perfect capital market, describe what you can do to undo the effect of this decision. a. How many naw shares must the firm issue? The firm must issue million shares. (Round to one decimal place.)