Infinity Completion, Inc.currently has 50,000 shares of stock outstanding and no debt.The price per share is $23.75.The firm is considering borrowing funds at 6 percent interest and using the proceeds to repurchase 5,000 shares of stock.Ignore taxes.How much is the firm borrowing?
A)$138,000
B)$118,750
C)$84,000
D)$1
E)$125,000

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The Answer of Infinity Completion, Inc.currently has 50,000 shares of stock outstanding and no debt.The price per share is $23.75.The firm is considering borrowing funds at 6 percent interest and using the proceeds to repurchase 5,000 shares of stock.Ignore taxes.How much is the firm borrowing?
A)$138,000
B)$118,750
C)$84,000
D)$1
E)$125,000