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-Suppose a corporation currently has $700 Maltion of USDs in excess cash available to repurchase stock or pay dividends on its 35 million shares. Suppose

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-Suppose a corporation currently has $700 Maltion of USDs in excess cash available to repurchase stock or pay dividends on its 35 million shares. Suppose the corporation decides to use the $700 Milion to repurchase shares on the open market. If the current s tock price is 560 . what will be the price of the stock after the repurchase? Note: Express your answers in strictly numerical terms. For example, if the answer. is $500, write enter 500 as an answer." QUESTION 2 Rexton Oil is an all-equity firm with 350 million of shares outstanding. Rexton currently has a cash fow of $600 Milion of USD5 and expects future free cash flows of s85 Millions per year, Management plans to use the cash to expand the firm s operations, which will in turn increase future cash free cash flows to 5500 Miltions per year, If the cost of capital of Rexton's investments is 8, calculate the stock price for the compary if the expansion whereto happen. Note: Express your answers in strictly numerical terms, For example, if the answer is. 5500 , write enter 500 as an

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