Suppose that FastTrack, Inc $$ which is an all$-$equity firms $$ has assets of $$34$ billion with $6$ billion shares outstanding. The company plans to borrow $$8$ billion and use funds to repurchase shares. Assume that the company's tax rate is $25\%$ and the company wants to keep its level of debt at $$8$ billion permanently. Now suppose that the company offers $$5\mathrm{.}50$ per share and its shareholders sell their shares back to the firm at this price. What is the company's share price after the repurchase?

Question $4$ options:

$$2\mathrm{.}45$

$$4\mathrm{.}62$

$$6\mathrm{.}16$

$$9\mathrm{.}19$

None of the above