Question: Des Chatels Corp. is comparing two different capital structures. Plan I would result in 13,000 shares of stock and $130,500 in debt. Plan II would

Des Chatels Corp. is comparing two different capital structures. Plan I would result in 13,000 shares of stock and $130,500 in debt. Plan II would result in 10,400 shares of stock and $243,600 in debt. The interest rate on the debt is 10%. Assume that EBIT will be $56,000. An all-equity plan would result in 16,000 shares of stock outstanding. Ignore taxes. What is the price per share of equity under Plan I? Plan II? (Round the final answers to 2 decimal places. Omit $ sign in your response.)

	Price per share of equity
Plan I	$
Plan II	$

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