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 $21.8and it currently has 23.1million shares outstanding.In addition,the market value of the company's debtis$8million.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 $45 million in excess cash that it plans on returning to its shareholders through a share repurchase.XYZ's current share price is $15.8and it currently has 21.5million shares outstanding.In addition,the market value of the company's debtis$10million.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).

quiestion 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 231 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. quBestion 5 5 points Save Answer XYZ Corp. currently has $45 million in excess cash that it plans on returning to its shareholders through a share repurchase. XYZ's current share price is $15.8 and it currently has 215 million shares outstanding In addition, the market value of the company's debt is $10 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)