The Dillon Company is planning a $$1$ million share repurchase. Its current stock price is $$80$ per share and there are $800,000$ shares outstanding prior to the repurchase. Earnings per share without the repurchase would be $$5$ per share. Assume the company funds the repurchase by borrowing at a before$-$tax rate of $7\%.$ The tax rate is $35\%.$ Assuming the P$/$E ratio doesn't change, what would be the share price following the repurchase?

Question $13$ options:

$$80\mathrm{.}18$

$$80\mathrm{.}35$

$$79\mathrm{.}85$

$$80\mathrm{.}77$