Question: Bellwood Corp. is comparing two different capital structures. Plan would result in 24,000 shares of stock and $82,500 in debt. Plan II would result in

Bellwood Corp. is comparing two different capital structures. Plan would result in 24,000 shares of stock and $82,500 in debt. Plan II would result in 18,000 shares of stock and $247,500 in debt. The interest rate on the debt is 4 percent. Assume that EBIT will be $85,000. An all-equity plan would result in 27,000 shares of stock outstanding Ignore taxes. What is the price per share of equity under Plan 1? Plan I1? (Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.) Plan I Plan

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