Q1. Lee Manufacturing's value of operations is equal to $900 million after a recapitalization (The firm had no debt before the recap.) Lee raised $300 million in new debt and used this to buy back stock. Lee had no short-term investments before or after the recap. After the recap, w_d = 1/3. The firm had 22 million shares before the recap. What is P (the stock price after the recap)? Round your answer to the nearest cent.

Q2. Dye Trucking raised $210 million in new debt and used this to buy back stock. After the recap, Dye's stock price is $8.25. If Dye had 65 million shares of stock before the recap, how many shares does it have after the recap? Do not round intermediate calculations. Enter your answer in millions. For example, an answer of $1.2 million should be entered as 1.2, not 1,200,000. Round your answer to two decimal places.