Question 4) XYZ Corp. currently has $38 million in excess cash that it plans on returning to its shareholders through a share repurchase. XYZ's current share price is $21.8 and it currently has 23.1 million shares outstanding. In addition, the market value of the company's debt is $8 million. Assumingperfect markets, how many shares will XYZ be able to repurchase with the excess cash? Express your answer in millions and round your answer to two decimals.

Question 5) XYZ Corp. currently has $30 million in excess cash that it plans on returning to its shareholders through a share repurchase. XYZ's current share price is $24 and it currently has 34.8 million shares outstanding. In addition, the market value of the company's debt is $9 million. Assumingperfect markets, what will XYZ's share price be after it uses the excess cash to repurchase shares? Round your answer to two decimals (don't include the $-symbol in your answer).

Question 4 5 points Save Answer XYZ Corp. currently has $38 million in excess cash that it plans on returning to its shareholders through a share repurchase. XYZ's current share price is $21.8 and it currently has 23.1 million shares outstanding. In addition, the market value of the company's debt is $8 million. Assuming perfect markets, how many shares will XYZ be able to repurchase with the excess cash? Express your answer in millions and round your answer to two decimals. Question 5 5 points Save Answer XYZ Corp. currently has $30 million in excess cash that it plans on returning to its shareholders through a share repurchase. XYZ's current share price is $24 and it currently has 34.8 million shares outstanding. In addition, the market value of the company's debt is $9 million. Assuming perfect markets, what will XYZ's share price be after it uses the excess cash to repurchase shares? Round your answer to two decimals (don't include the $-symbol in your answer)