The number of outstanding shares of the all-equity company ABC is 15 million, priced at 9 per share. The company intends to announce that 30 million will be borrowed and used for a share repurchase. Interest will be paid on this debt, without plans to change the amount of debt. The corporate tax rate is 40%. iii. Calculate the price share prior to the repurchase, and the number of shares to be repurchased (5 marks) iv. Calculate the market value balance sheet and share price after the share repurchase. [6 marks)