Question: Destin Corp. is comparing two different capital structures. Plan I would result in 15,000 shares of stock and $100,000 in debt. Plan II would result

Destin Corp. is comparing two different capital structures. Plan I would result in 15,000 shares of stock and $100,000 in debt. Plan II would result in 11,500 shares of stock and $170,000 in debt. The interest rate on the debt is 5 percent. Assume that EBIT will be $70,000. An all-equity plan would result in 20,000 shares of stock outstanding. Ignore taxes.

Destin Corp. is comparing two different capital structures. Plan I would result

What is the price per share of equity under Plan 1? Plan l1? (Round your answers to 2 decimal places. Price per share of equity per share per share Plan I Plan

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