Q$8)$ Mariana recently bought shares in Bulk Beauty which currently is an all$-$equity company with assets valued at $$50$ million and $$15$ million shares outstanding. The company intends on borrowing $$27$ million on a permanent basis and use the borrowed funds to repurchase outstanding shares. The corporate tax is $25\%.$ If shareholders are perfectly rational and informed what will the repurchase price per share be$?$