Question: Hello. I need help answering the following problem: Stock Repurchase A rm has 10 million shares outstanding with a market price of $25 per share.

Hello. I need help answering the following problem:

Stock Repurchase A rm has 10 million shares outstanding with a market price of $25 per share. The firm has $10 million in extra cash (shortterm investments) that it plans to use in a stock repurchase; the rm has no other nancial investments or any debt. What is the rm's value of operations after the repurchase? Enter your answer in millions. For example, an answer of $1 million should be entered as 1, not 1,000,000. Round your answer to the nearest whole number. $ million How many shares will remain after the repurchase? Round your answer to the nearest whole number. shares

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