The Jean Outlet is an all-equity firm that has 152,000 shares of stock outstanding. The company has decided to borrow $1.1 million to repurchase 7,500 shares of its stock from the estate of a deceased shareholder. What is the total value of the firm if you ignore taxes? A. $18,387,702B. $19,666,667C. $22,293,333D. $18,500,000E. $21,413,333
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