Southwest Sands currently has 18,500 shares of stock outstanding. It is considering issuing $107,000 of debt at
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Southwest Sands currently has 18,500 shares of stock outstanding. It is considering issuing $107,000 of debt at an interest rate of 6.8 percent. The break-even level of EBIT between these two capital structure options is $67,000. How many shares of stock will be repurchased if the company undergoes the recapitalization? Ignore taxes. Multiple Choice 1,578.54 shares 2,176.47 shares 2,009.04 shares 1,908.59 shares 1,722.04 share
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