Dickson Corporation is comparing two different capital structures. Plan I would result in $26,000$ shares of stock and $$85,500$ in debt. Dickson Corporation is comparing two different capital structures. Plan I would result in $26,000$ shares of stock and $$85,500$ in debt.

Plan Il would result in $20,000$ shares of stock and $$256,500$ in debt. The interest rate on the debt is $6$ percent. Assume that EBIT will

be $$95,000.$ An all$-$equity plan would result in $29,000$ shares of stock outstanding. Ignore taxes. What is the price per share of equity

under Plan I? Plan II$?$

Note: Do not round intermediate calculations and round your answers to $2$ decimal places, e$.$g$.,32\mathrm{.}16.$

Plan II would result in $20,000$ shares of stock and $$256,500$ in debt. The interest rate on the debt is $6$ percent. Assume that EBIT will

be $$95,000.$ An all$-$equity plan would result in $29,000$ shares of stock outstanding. Ignore taxes. What is the price per share of equity

under Plan I? Plan II$?$

Note: Do not round intermediate calculations and round your answers to $2$ decimal places, e$.$g$.,32\mathrm{.}16.$

Answer is complete but not entirely correct.