Treasure Island Inc is currently 100% equity financed with 0% debt. Treasure Island is currently based in a tax haven with 0% corporate income tax. The firm is considering taking on debt capped at 0.5x of equity. It is also considering moving its headquarters to Ireland which currently has a tax rate of 12.5% but you are concerned that recent tax proposals by the OECD will result in Treasure Island paying 15.0% corporate tax. Any funds raised by debt issuance will be used to repurchase existing shares at the current share price based on the value without taxes or debt. The firm currently has 10,000 shares outstanding. Using your knowledge of