The Greenbriar is an all-equity firm with a total market value of $520,000 and 20,000 shares of stock outstanding. Management is considering issuing $120,000 of debt at an interest rate of 10 percent and using the proceeds on a stock repurchase. Ignore taxes. How many shares will the firm repurchase if it issues the debt securities?

	2,871 shares
	3,516 shares
	4,521 shares
	4,607 shares
	4,615 shares