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 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? (Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.) Answer is complete but not entirely correct

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