Destin Corp. is comparing two different capital structures. Plan I would result in 14,000 shares of stock and $95,000 in debt. Plan II would result in 8,000 shares of stock and $190,000 in debt. The interest rate on the debt is 9 percent. Assume that EBIT will be $80,000. An all-equity plan would result in 20,000 shares of stock outstanding. Ignore taxes.

What is the price per share of equity under Plan I? Plan II? (Round your answers to 2 decimal places. (e.g., 32.16))

Destin Corp. is comparing two different capital structures. Plan I would result in 14,000 shares of stock and $95,000 in debt. Plan II would result in 8,000 shares of stock and $190,000 in debt. The interest rate on the debt is 9 percent Assume that EBIT will be $80,000. An all-equity plan would result in 20,000 shares of stock outstanding. Ignore taxes. What is the price per share of equity under Plan I? Plan Il? (Round your answers to 2 decimal places. (e.g., 32.16)) Price per share of equity per share per share Plan I Plan