Question 13 1 points Save Answ "The market value of equity of the Paratrooper Corp. is $150 million. It has 1M shares outstanding, no debt and its cost of equity is currently 10%. The firm plans to issue $70 million of perpetual debt at 3% interest rate. The proceeds will be used to repurchase an equal value of equity shares. The tax rate is 30%. What will be the new share price?" $168 $174 $171 $150 $165