Question 14 (4 points) Jigsaw Company with 220 million shares outstanding repurchased 25 million shares at the market price of $50 per share. What is the total market value after the repurchase? $12.25 billion (i.e. $12.250 million) $9.75 billion (i.e., $9.750 million) O $11.0 billion (i.e., $11.000 million) $10.5 billion (ie.. $10.500 million) Question 15 (4 points) In the year 2019, a real estate analyst forecasts that a rental apartment building will generate $5.2 million each year in rent over the 8 years 2020-2027. Cash expenses are expected to be $3.5 million a year. At the end of eight years, the building is expected to sell for $12 million. Real estate investors require a 16% return on their investments. Apply present value discounting techniques to value the building. $11.04 million O $7.38 million $10.33 million $26.25 million