Given that you face a corporate tax rate of 37 what will


Your firm currently has 50 million shares of stock outstanding with each trading at $44.21 per share. As the CFO, you have decided to issue $442 million in perpetual debt that you will use to repurchase shares. Given that you face a corporate tax rate of 37%, what will the new value of the firm be after you complete the repurchase?

Express your answer in millions of dollars rounded to two decimal places (e.g. 5.25 not 5250000)

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Financial Management: Given that you face a corporate tax rate of 37 what will
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