The Equity Section of a Firm's Market Value Balance Sheet

The equity section of a firm's market value balance sheet has common stock of $250,000 (par value $1) ; capital surplus of $145,650; and retained earnings of $624,250.The firm's stock sells for $27 a share.If the firm repurchases $75,000 of stock, what will be the new market value of the firm's total equity?

A) $949,471
B) $979,350
C) $999,900
D) $999,046
E) $945,900