Currently berrys pizza kitchen has 0 debt its stock price, Ask an Expert

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Currently, berrys Pizza Kitchen has 0 debt, its stock price is $22 per share, and shares outstanding are 24 million shares. It plans to borrow $20 million from the market to repurchase its stocks. The tax rate is 35%. What is the new stock price will be because of tax shield benefit of debt, and how many shares it can repurchase? (Write down the calculation process with your answer, otherwise you will receive 0)

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Financial Management, Finance

Category:- Financial Management
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