You work in the Finance Department for Cowbell, Inc, and you have been requested to analyze the effect of a leveraged recapitalization on the firm's balance sheet. The current book value balance sheet is given below. Cowbell, Inc. Book Value Balance Shee Current Assets Fixed Assets Total Assets 265,937 1,602,941 1,868,878 Current Liabilities 186,205 Debt 687,132 Equity 995,541 Total Liabilities & Equity 1,868,878 Cowbell has 62,500 shares outstanding, which are currently trading for $52.50 per share. The firm is considering the issue of $325,000 in new debt, and its effective tax rate is 21%. The proceeds of the bond issue will be paid out as a one-time special dividend. Within the 1963 M&M framework, what is the stock price after the recapitalization and dividend payment? You work in the Finance Department for Cowbell, Inc, and you have been requested to analyze the effect of a leveraged recapitalization on the firm's balance sheet. The current book value balance sheet is given below. Cowbell, Inc. Book Value Balance Shee Current Assets Fixed Assets Total Assets 265,937 1,602,941 1,868,878 Current Liabilities 186,205 Debt 687,132 Equity 995,541 Total Liabilities & Equity 1,868,878 Cowbell has 62,500 shares outstanding, which are currently trading for $52.50 per share. The firm is considering the issue of $325,000 in new debt, and its effective tax rate is 21%. The proceeds of the bond issue will be paid out as a one-time special dividend. Within the 1963 M&M framework, what is the stock price after the recapitalization and dividend payment