The assets of XYZ has a market value of $300 million. The company has shares outstanding of 10 million and cash worth $60 million. The company pays dividends by using its cash of $30 million. If you are an investor of this company, how many shares you must sell to generate $3900 of homemade leverage. You have 1000 shares of this company in your portfolio. Select one: 33.33 shares 46.67 shares O 26.67 shares 40.00 shares ABC company is an unlevered firm with excess cash of $50 million. The company has outstanding shares of 10 million and has an 8 percent cost of capital. It is expected that the company would generate an annual stream of cash flows worth $40 in the following years. These cash flows are expected to be paid as regular dividends. The board of the company is deciding whether to use the current excess cash for share repurchase or as a special dividend. If the company goes for share repurchase, the shares it should buy back are equal to: Select one: O 1.09 million O 0.73 million O 1.82 million 0.9 million