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please show all work and formulas Homemade leverage. Terry Industries has...

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Finance

please show all work and formulas
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Homemade leverage. Terry Industries has 50 million shares outstanding and a market capitalization (equity value) of $1.25 billion. It has $750 million of debt outstanding. The CFO has decided to delever the firm by issuing new equity to repay all outstanding debt. a. How many new shares must the firm issue? b. Suppose you are a shareholder holding 100 shares, and you disagree with this decision. Assuming a perfect capital market, what can you do to undo the effect of this decision

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