Question: DO IT USING EXCEL, AND POST THE EXCEL SCREENSHOT AND FORMULA IN EXCEL SCREENSHOT. THANK YOU Question 31 5 pts Last Minute Loan Services is

DO IT USING EXCEL, AND POST THE EXCEL SCREENSHOT AND FORMULA IN EXCEL SCREENSHOT. THANK YOU

Question 31 5 pts Last Minute Loan Services is an all-equity firm with a total market value of $1,221,350 and 50,000 shares of stock outstanding. Management is considering issuing $225,000 of debt at an interest rate of 6.25 percent and using the proceeds on a stock repurchase. Ignore taxes. How many shares will the firm repurchase if it issues the debt securities? (Round the number of shares repurchased down to the nearest whole share.) 3,211 shares 9,167 shares 6,211 shares 9,211 shares 12,116 shares

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