pennewell publishing inc. (pp) is a zero growth company. it currently has zero debt and its earnings before interest and taxes (ebit) are $80,000. pp's current cost of equity is 10%, and its tax rate is 40%. the firm has 10,000 shares of common stock outstanding selling at a price per share of $48.00. refer to the data for pennewell publishing inc. (pp). assume that pp is considering changing from its original capital structure to a new capital structure with 35% debt and 65% equity. this results in a weighted average cost of capital equal to 9.4% and a new value of operations of $510,638. assume pp raises $178,723 in new debt and purchases t-bills to hold until it makes the stock repurchase. what is the stock price per share immediately after issuing the debt but prior to the repurchase? a. $48.12 b. $51.06 c. $58.75 d. $45.90