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Schwartz industry is an industrial company with 103.1 milion thares custanding and a market capitalizaton (equity value) of 84.78 billion. It has $1.95 bilion of

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Schwartz industry is an industrial company with 103.1 milion thares custanding and a market capitalizaton (equity value) of 84.78 billion. It has $1.95 bilion of debt outstanding. Menegement have decided to delever the firm by assing new equily to repoy al outstending dobt. b. Suppose you are a shareholder holding 100 thares, and you disagree with this decision. Assuming a perfect capital market, describe what you can do to undo the eflect of this decision. a. How macy new ahares must the firm iasue? a. How many new shares must the ficm issue? The firm must issue malion shares. (Round to one decimal place.)

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