Question: Bellwood Corp. is comparing two different capital structures. Plan I would result in 39,000 shares of stock and $108,000 in debt. Plan II would result

Bellwood Corp. is comparing two different capital structures. Plan I would

Bellwood Corp. is comparing two different capital structures. Plan I would result in 39,000 shares of stock and $108,000 in debt. Plan II would result in 33,000 shares of stock and $324,000 in debt. The interest rate on the debt is 7 percent. Assume that EBIT will be $160,000. An all-equity plan would result in 42,000 shares of stock outstanding. Ignore taxes what is the price per share of equity under Plan I? Plan ? (Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.) Plan I Plan

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