PXR Limited has just paid a dividend of $1.81. - The investor required rate of return is 12.5% - Dividends are expected to grow at 3.0% for the foreseeable future. - There are 42.2 million shares outstanding. - It has issued bonds that have a current market value of $100 million. - The firm plans to make an open market repurchase of its shares worth \$107 million. - Assuming perfect capital markets: 4) How many shares will be repurchased? millions (Give answer in millions of shares to 2 decimal places) 5) What will happen to the share price after the repurchase? 6) What is the new debt to equity ratio? % (Give answer as a percentage to 2 decimal places)