Use the following information to answer the question(s) below. Wyatt Oil has assets with a market value of $600 million, $70 million of which are cash. It has debt of $250 million, and 20 million shares outstanding. Assume perfect capital markets. If Wyatt Oil distributes the $70 million as a share repurchase, then the number of shares outstanding after the repurchase will be closest to:

		18.0 million
		16.0 million
		17.5 million
		16.5 million