Luxury Resorts Corp. is an unlevered firm with expected annual earnings before taxes of $157.31 million next year. After that, EBIT will increase by 3.12% every year forever. The current required rate of return on the firm's equity is 11.59% and the firm distributes all its earnings as dividends at the end of each year. There are 25 million common shares outstanding and the firm's tax rate is 21%. The firm is planning a recapitalization under which it will issue $175.5 million perpetual 6.75% debt and use the proceeds to buy back shares. What is the new number of shares after the stock repurchase? Group of answer choices

Write two goals for yourself that will aid you in pursuing your post-secondary education or training. with this

Which organization was established to train the hard-core unemployed? - better business bureau- equal employment opportunity commission- environmental protection agency- affirmative action committee- national alliance of business

The market for corn in country a is highly competitive. at the current market price of $5/bushel there is a shortage of 100,000 bushels of corn in this country. media reports claim that the price of corn will rise drastically in the near future. according to these reports, the neighboring country b had witnessed a similar situation recently. at the same price, the shortage in country b was also 100,000 bushels and eventually the equilibrium price in b went up to $10/bushel. both countries are known to have equal number of corn producers and the market supply of corn is identical at all prices. this, combined with the fact that consumers in the two countries also have similar tastes and preferences, led the media to conclude that the price of corn in country a would soon be as high as $10/bushel. the new equilibrium price turns out to be below $10/bushel, what inferences can be drawn?