Question 1 (1 point) Albemarle Corporation, currently an all-equity firm with 6.00 million shares outstanding, each...

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Question 1 (1 point) Albemarle Corporation, currently an all-equity firm with 6.00 million shares outstanding, each worth 20.50, is considering borrowing 59.00 to repurchase some of its stocks. Once the loan is issued, the corporation plans to maintain its capital structure constant. Albemarle is subject to a 25.00% corporate tax rate. At what price will Albemarle repurchase its shares? Instructions: Round the result to two decimal places and do not put the "" symbol i the answer box. For example if you get a result of 13.5412 then write 13.54 in the answer box below. Your Answer: Answer B Question 1 (1 point) Albemarle Corporation, currently an all-equity firm with 6.00 million shares outstanding, each worth 20.50, is considering borrowing 59.00 to repurchase some of its stocks. Once the loan is issued, the corporation plans to maintain its capital structure constant. Albemarle is subject to a 25.00% corporate tax rate. At what price will Albemarle repurchase its shares? Instructions: Round the result to two decimal places and do not put the "" symbol i the answer box. For example if you get a result of 13.5412 then write 13.54 in the answer box below. Your Answer: Answer B