A conservative financing plan involves: Multiple Choice o heavy reliance on debt. rint erences o heavy reliance on equity. high degree of financial leverage. o C high degree of combined leverage. The capital structure of Cain is presented below: Debt @ 96 Common stock Cain $250,000 500,000 Total $750,000 Common shares 50,000 Compute the stock price for Cain Auto Supplies if it sells at 16 times EPS and EBIT is $80,000 (assume a 20 percent tax ratu round intermediate calculations. Round the final answer to 2 decimal places.) Stock price