Suppose Summa Industries and Cumma Technology have identical assets that generate identical cash flows. Summa Industries is an all-equity firm, with 12 million shares outstanding that trade for a price of $20.00 per share. Cumma Technology has 22 million shares outstanding, as well as debt of $72.00 million. a. According to MM Proposition I, what is the stock price for Cumma Technology? b. Suppose Cumma Technology stock currently trades for $14.54 per share. What arbitrage opportunity is available? What assumptions are necessary to exploit this opportunity? a. According to MM Proposition I, what is the stock price for Cumma Technology? According to MM Proposition I, the stock price per share for Cumma Technology is (Round to the nearest cent) b. Suppose Cumma Technology stock currently trades for $14.54 per share. What arbitrage opportunity is available? What assumptions are necessary to exploit this If Cumma Technology stock currently trades for $14.54 per share, an example of an arbitrage opportunity that exists today which requires no future cash flow obligations would be: (Select from the drop-down menus and round to two decimal places. el million shares ofat the currentprice of sand buy illion shares of at the current price of Sand borrow S million. . at the current price of and buy | | million shares of The assumptions necessary to exploit this opportunity are: (Select the best choice below.) O A. O B. O C. Trading can be done at current prices. You can borrow at the same terms as the leveraged firm. No taxes or transactions costs. All of the above. D