Foundation Corporation is comparing two different capital structures, an all$-$equity plan $($Plan I$)$ and a levered plan $($Plan II$).$ Under Plan I, the company would have $185,000$ shares of stock outstanding. Under Plan II$,$ there would be $135,000$ shares of stock outstanding and $$2\mathrm{.}29$ million in debt outstanding. The interest rate on the debt is $5$ percent and there are no taxes.

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a$.$

Use MM Proposition I to find the price per share. $($Do not round intermediate calculations and round your answer to $2$ decimal places, e$.$g$.,32\mathrm{.}16.)$

b$.$What is the value of the firm under each of the two proposed plans? $($Do not round intermediate calculations and enter your answers in dollars, not millions of dollars, rounded to the nearest whole number, e$.$g$.,1,234,567.)$

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a$.$

If the tax rate is $21$ percent, what is the value of the company? $($Do not round intermediate calculations and round your answer to $2$ decimal places, e$.$g$.,32\mathrm{.}16.)$

b$.$What will the value be if the company borrows $$185,000$ and uses the proceeds to repurchase shares? $($Do not round intermediate calculations and round your answer to $2$ decimal places, e$.$g$.,32\mathrm{.}16.)$

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a$.$

What is the company$$s cost of equity capital? $($Do not round intermediate calculations and enter your answer as a percent rounded to $2$ decimal places, e$.$g$.,32\mathrm{.}16.)$

b$.$What is the company$$s unlevered cost of equity capital? $($Do not round intermediate calculations and enter your answer as a percent rounded to $2$ decimal places, e$.$g$.,32\mathrm{.}16.)$c$-1.$What would the cost of equity be if the debt$-$equity ratio were $2?($Do not round intermediate calculations and enter your answer as a percent rounded to $2$ decimal places, e$.$g$.,32\mathrm{.}16.)$c$-2.$What would the cost of equity be if the debt$-$equity ratio were $1\mathrm{.}0?($Do not round intermediate calculations and enter your answer as a percent rounded to $2$ decimal places, e$.$g$.,32\mathrm{.}16.)$c$-3.$What would the cost of equity be if the debt$-$equity ratio were zero? $($Do not round intermediate calculations and enter your answer as a percent rounded to $2$ decimal places, e$.$g$.,32\mathrm{.}16.)$