Warsaw Manufacturing, Incorporated, plans to announce that it will issue $$1\mathrm{.}9$ million of perpetual debt and use the proceeds to repurchase common stock. The bonds will sell at par with a coupon rate of $5$ percent. The company is currently all$-$equity and worth $$6\mathrm{.}7$ million with $290,000$ shares of common stock outstanding. After the sale of the bonds, the company will maintain the new capital structure indefinitely. The annual pretax earnings of $$1\mathrm{.}32$ million are expected to remain constant in perpetuity. The tax rate is $21$ percent.

a$.$

What is the expected return on the company$$s equity before the announcement of the debt issue? $($Do not round intermediate calculations and enter your answer as a percent rounded to $2$ decimal places, e$.$g$.,32\mathrm{.}16.)$

b$.$ What is the price per share of the firm's equity? $($Do not round intermediate calculations and round your answer to $2$ decimal places, e$.$g$.,32\mathrm{.}16.)$

d$.$ What is the company$$s stock price per share immediately after the repurchase announcement? $($Do not round intermediate calculations and round your answer to $2$ decimal places, e$.$g$.,32\mathrm{.}16.)$

e$-1.$ How many shares will the company repurchase as a result of the debt issue? $($Do not round intermediate calculations and round your answer to $2$ decimal places, e$.$g$.,32\mathrm{.}16.)$

e$-2.$ How many shares of common stock will remain after the repurchase? $($Do not round intermediate calculations and round your answer to $2$ decimal places, e$.$g$.,32\mathrm{.}16.)$

g$.$ What is the required return on the company$$s equity after the restructuring? $($Do not round intermediate calculations and enter your answer as a percent rounded to $2$ decimal places, e$.$g$.,32\mathrm{.}16.)$