Gulf Shores Inn is comparing two separate capital structures. The first structure consists of 355,000 shares of stock and no debt. The second structure consists of 318,000 shares of stock and $2.22 million of debt. What is the price per share of equity?

$68.57

$73.85

$62.86

$60.00

$77.54

Answer rating: 100% (QA)

Assume price per share of equity x No of shares in capital struc... View the full answer