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Schwartz Industry is an industral company wth 96.1 millon shsres outstanding and a market captalization (equity value) of $4.27 billion. is has $2.11 billion of

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Schwartz Industry is an industral company wth 96.1 millon shsres outstanding and a market captalization (equity value) of $4.27 billion. is has $2.11 billion of debt outstanding; Management have decided to delever the firm by iseuing new equity to ropay all outstanding debt. a. How many now shares must the firm issue? b. Suppose you are a shareholder holding 100 shares, and you disagree with this decision. Assuming a perfect capial market, describe what you can do to unde the effect of this deciaien a. How many new shares must the fam iswe? The firm must issue million shares. (Round to one decimal place.)

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