Division Corporation $is$ comparing two different capital structures. Plan I would result $in26,000$ shares $of$ stock and $$85,500in$ debt.

Plan $Il$ would result $in20,000$ shares $of$ stock and $$256,500in$ debt. The interest rate $on$ the debt $is6$ percent. Assume that EBIT will

$be$ $$95,000.An$ all$-$equity plan would result $in29,000$ 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 $to2$ decimal places, $e.g.,32\mathrm{.}16.$