Dickson Corporation is comparing two different capital structures. Plan I would result in 12,700 shares of stock and $100,050 in debt. Plan II would result in 9,800 shares of stock and $226,200 in debt. The interest rate on the debt is 10 percent. Assume that EBIT will be $70,000. An all-equity plan would result in 15,000 shares of stock outstanding. Ignore taxes.

What is the price per share of equity under Plan I and Plan II? (Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.)

Plan 1:

Plan 2:

Please show excel explainations. Thank you