Question $6(1$ point$)$

Albemarle Corporation, currently an all$-$equity firm with $18,00$ million shares outstanding, each worth $25,00,$ is considering borrowing $85,00$ to repurchase some of its stocks. Once the loan is issued, the corporation plans to maintain its capital structure constant. Albemarle is subject to a $34,00\%$ corporate tax rate. At what price will Albemarle repurchase its shares?