Question 13 4 pts A firm currently has 80,000 shares outstanding worth $1.2 million in the aggregate. However, the managers are thinking about spending $150,000 of excess cash to launch an open market repurchase program. Following the share repurchase, there will be ___ shares outstanding and the total market value of equity will be __- 80,000; $1,050,000 65,000; $1,200,000 70,000; $1,050,000 70,000; $1,200,000 65,000; $975,000