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U Question 6 15 pts Given the following information, answer questions 5 and 6: Currently, Initech Inc. has a market value of $80 million with

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U Question 6 15 pts Given the following information, answer questions 5 and 6: Currently, Initech Inc. has a market value of $80 million with 4 million shares outstanding. Its shareholder equity (-book value) is $100 million. 6. If Initech Inc. repurchases 25 percent of its shares in the stock market at $20 per share, what will be the new book value of equity, if all else remains the same? $26.67 $ 28.18 $23.12 $ 20.00

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