Search this cou 16 & 17: End of Chapter Problems Assignment: Ch 16 & 17: End of Chapter Problems Assignment Score: 0.004 Save Submit Assignment for Grading Questions Problem 16-05 (Stock Price after Recapitalization) Question 1 of 2 Check My Work (3 remaining) 2. 3. 4 S. eBook Stock Price after Recapitalization Lee Manufacturing's value of operations is equal to $900 million after a recapitalization (The firm had no debt before the recap) Lee raised $300 million in new debt and used this to buy back stock. Lee had no short-term investments before or after the recap. After the recap, wc - 1/3. The firm had 38 million shares before the recap. What is P (the stock price after the recap)? Do not round intermediate calculationos. Round your answer to the nearest cent. E. 7. $ Check My Works remaining) Dlcon Problem 16-05 (Stock Price after Recapitalization) Question 107 Submit Assignment for Grading Save