Hawar International is a shipping firm with a current share price of $4.53 and 10.3 million shares outstanding. Suppose that Hawar announces plans to lower its corporate taxes by borrowing $19.3 million and repurchasing shares, and that shareholders expect the change in debt to be permanent. Corporate tax rate is given as 30%. a) If the only imperfection is corporate taxes, what will be the share price after this announcement? b) Suppose the only imperfections a