Infinity Completion$$Inc$$currently has $50000$ shares of stock outstanding and no debt$$The price per share is $$23\mathrm{.}75$The firm is considering borrowing funds at $6$ percent interest and using the proceeds to repurchase $5000$ shares of stock$$Ignore taxes$$How much is the firm borrowing$$

$24$

$\backslash 84000$

$\backslash 125000$

$\backslash 118750$

$\backslash 1$

$\backslash 138000$

Question $23$

$1$ pts

Which one of the following will generally receive the highest priority in a bankruptcy liquidation$$assuming the absolute priority rule is followed$$

Government tax claims

Bankruptcy administrative expenses

$$ Claims by unsecured creditors

$$

$$

F$4$

F$5$

F$6$

II

F$9$

F$10$

Fil

F$2$

F$3$

longrightarrow$-$

$\backslash$

${?}^{{?}^{?}}$

$\backslash$

$3$

$5$

$6$

$7$

$8$

$9$

$1$

$4$

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