VanMannen Foundations, Inc ​
-Refer to the Data for VanMannen Foundations, Inc

VanMannen Foundations, Inc.(VF)
VanMannen Foundations, Inc.(VF) is a zero-growth company that currently has zero debt, and it has the data shown below.
$\begin{array}{lr}\text { EBIT }= & \$ 80,000 \\\text { Growth }= & 0 \% \\\text { Orig cost of equity, } \mathrm{r}_{\mathrm{s}}= & 10.0 \% \\\text { No. of shares }= & 10,000 \\\text { Price per share } & \$ 60.00 \\\text { Tax rate }= & 25 \%\end{array}$ ​
-Refer to the data for VanMannen Foundations, Inc.(VF) .What would the stock price be if VF issued the new debt and immediately used the proceeds to repurchase stock?

A) $65.04
B) $66.71
C) $68.42
D) $70.18
E) $73.68