Zetatron is an all$-$equity firm with $100$ million shares outstanding, which are currently trading for $$7\mathrm{.}62$ per share. A month ago, Zetatron announced it will

change its capital structure by borrowing $$79$ million in short$-$term debt, borrowing $$137$ million in long$-$term debt, and issuing $$130$ million of preferred

stock. The $$346$ million raised by these issues, plus another $$98$ million in cash that Zetatron already has, will be used to repurchase existing shares of

stock. The transaction is scheduled to occur today. Assume perfect capital markets.

a$.$ What is the market value balance sheet for Zetatron

i$.$ Before this transaction?

ii$.$ After the new securities are issued but before the share repurchase?

iii. After the share repurchase?

b$.$ At the conclusion of this transaction, how many shares outstanding will Zetatron have, and what will the value of those shares be$?$ a$.$i$.$ What is the market value balance sheet for Zetatron before this transaction?