Question: 1. Consider the following share repurchase proposal: BL will use $209 million of cash from its balance sheet and $50 million in new debt-bearing interest

1. Consider the following share repurchase proposal: BL will use $209

1. Consider the following share repurchase proposal: BL will use $209 million of cash from its balance sheet and $50 million in new debt-bearing interest at the rate of 6.75% to repurchase 14.0 million shares at a price of $18.50 per share. (a) First, consider the initial statements (before the proposal in 2006). What is the book value of Equity? Now, present the new statement including the proposal rs in thousands. Numbers in thousands And the Income Statement

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