Luxury Resorts Corp. is an unlevered firm with expected annual earnings before taxes of $157.31 million next year. After that, EBIT will increase by 3.12% every year forever. The current required rate of return on the firm's equity is 11.59% and the firm distributes all its earnings as dividends at the end of each year. There are 25 million common shares outstanding and the firm's tax rate is 21%. The firm is planning a recapitalization under which it will issue $175.5 million perpetual 6.75% debt and use the proceeds to buy back shares. What is the new number of shares after the stock repurchase? Group of answer choices