Question: i need help with this multiple choice question. i did the calculation i keep getting different answers. please help me pick and understand what the

i need help with this multiple choice question. i did the calculation i keep getting different answers. please help me pick and understand what the correct answer is.

P.S: I do not need long written explanation please! only mathematical steps and explaination thank you.

The firm is currently an all-equity firm with

assets worth $120 million and 10 million shares outstanding. The firm plans to borrow $60 million and use these funds to repurchase shares. The firm's marginal corporate tax is 21%, and it plans to keep its outstanding debt equal to $60 million permanently. What is the lowest price per share the firm can offer and have shareholders tender their shares? A) $1.26 B) $7.26 C) $8.26 D) $12.0 E) $13.26

i need help with this multiple choice question. i did the

6. The firm is currently an all-equity firm with assets worth $120 million and 10 million shares outstanding. The firm plans to borrow $60 million and use these funds to repurchase shares. The firm's marginal corporate tax is 21%, and it plans to keep its outstanding debt equal to $60 million permanently. What is the lowest price per share the firm can offer and have shareholders tender their shares? A) $1.26 B) $7.26 C) $8.26 D) $12.0 E) $13.26

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