Stock Repurchase Shares & Value of Operations

A firm has 10 million shares outstanding, with a $20 per share market price. The firm has $25 million in extra cash that it plans to use in a stock repurchase; the firm has no other financial investments.

What is the firm's value of operations, and how many shares will remain after the repurchase?

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... spend cash of $25 million (the current value also includes the cash of $25million) and so the value of the firm ...