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Tefler Corp. - Income taxes are 38%. - Tefler Corp. is currently an all-equity firm. (No debt) - Tefler has 16 million shares outstanding. -

Tefler Corp.

- Income taxes are 38%.

- Tefler Corp. is currently an all-equity firm. (No debt)

- Tefler has 16 million shares outstanding.

- The stock is trading at $24 per share on December 31, 2020

-Tefler will announce a share repurchase and will complete the following actions: (i) Borrow $80 million at an

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