Stock Price after Recapitalization anufacturing's value of operations is equal to $900 million after a talization. (The firm had no debt before the recap.) Lee raised $300 million in new debt and used this to buy back stock. Lee had no short-term investments before or after the recap. After the recap, w. = 1/3. The form had 30 million shares before the recap. What is P (the stock price after the recap)