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Question 4 25 pts Suppose Contrail Air, Inc. is going to repurchase $22,800 shares of stock. The market value Balance Sheet is provided below. Repurchase

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Question 4 25 pts Suppose Contrail Air, Inc. is going to repurchase $22,800 shares of stock. The market value Balance Sheet is provided below. Repurchase $22,800 Shares outstanding 15,000 Dividend per share $1.50 Market Value Balance Sheet Cash $55,000 Equity $465,000 Fixed assets $410,000 Total $465,000 Total $465,000 What will the price per share be after the repurchase? 28.10 22.11 31.00 34.20

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