Bellwood Corp. is comparing two different capital structures. Plan I would result in 23,000 shares of stock and $81,000 in debt. Plan II would result in 17,000 shares of stock and $243,000 in debt. The interest rate on the debt is 7 percent. Ignoring taxes, compare both of these plans to an all-equity plan assuming that EBIT will be $80,000. The all-equity plan would result in 26,000 shares of stock outstanding. Calculate EPS for plans I and II. Then higher EPS would be..... 3.23 3.91 03.11 3.70 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 1? 28 36 29 31