Question: Save Answer 10 points Blasco's has a market value equal to its book value. Currently, the firm has excess cash of 1,332, other assets of

Save Answer 10 points Blasco's has a market value equal to its book value. Currently, the firm has excess cash of 1,332, other assets of 11,674, and equity of E7,200. The firm has 1200 shares outstanding and net income of 838. Blasco's has decided to spend one-third of its excess cash on a share repurchase program. How many shares will be outstanding after the share repurchase is completed? Show your steps. For the toolbar.press ALT+F10 (PC) or ALT+FN+F10 (Mac). B IVS Paragraph Arial 14px % 3 X X ATT TTC T 9 32 () V 2 T. 1 SA

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