(Answered) Cgi ventures has a current share price of 45 and 20 million

Statistics

CGI ventures has a current share price of $45 and 20 million shares outstanding. Suppose CGI announces plans to lower its corporate taxes by borrowing $150 million and repurchasing shares, that CGI's corporate tax rate is 35% and that shareholders expect the change in debt to be permanent. If only imperfect is corporate taxes, what will the share price be after this announcement? Please explain as I'd like to know personally.

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