Score: 0 of 3 pts 6 of 13 (0 complete) HW Score: 0%, 0 of 30 pts P14-8 (similar to) Question Help 0 Schwartz Industry is an industrial company with 112.9 million shares outstanding and a market capitalization (equity value) of $4. 5 billion. It has $2.65 billion of debt outstanding. Management have decided to delever the firm by issuing new equity to repay all outstanding debt. a. How many new shares must the firm issue? b. Suppose you are a shareholder holding 100 shares, and you disagree with this decision. Assuming a perfect capital market, describe what you can do to undo the effect of this decision. a. How many new shares must the firm issue? The firm must issue million shares. (Round to one decimal place.) Enter your answer in the answer box and then click Check Answer. ? 1 part remaining Clear All Check