plzz answer this quickly

Paragon Inc. plans to borrow $89 million of perpetual debt at 6% interest rate and use the money to repurchase equity. The firm has 9 million shares outstanding and the current share price is $33. What will be the new share price if the firm goes ahead with the plan? The tax rate is 45%. 33.32 28.92 33.41 37.45 32.87