Question: Dickson Corporation Is comparing two different capital structures. Plan I would result in 32,000 shares of stock and $94,500 in debt. Plan II would result

Dickson Corporation Is comparing two different capital structures. Plan I would

Dickson Corporation Is comparing two different capital structures. Plan I would result in 32,000 shares of stock and $94,500 in debt. Plan II would result in 26,000 shares of stock and $283,500 in debt. The interest rate on the debt is 4 percent. Assume that EBIT will be $125,000. An all-equity plan would result in 35,000 shares of stock outstanding. Ignore taxes. What Is the price per share of equity under Plan I? Plan II? Note: Do not round intermedlate calculatlons and round your answers to 2 decimal places, e.g., 32.16

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