Net common equity $ $18,672$

Note:

Authorized shares $($millions$)$

Issued shares, of which:

Outstanding shares $296$

Treasury shares $44$

Required:

Suppose that FedEx now issues $3$ million shares at $$160$ a share. Update the table below with the new values.

What would happen to the book value of common stockholders$$ equity if instead FedEx bought back $3$ million shares at $$160$ per share?