Question: ickson Corporation is comparing two different capital structures. Plan I would result in 5,000 shares of stock and $100,500 in debt. Plan II would result

ickson Corporation is comparing two different capital structures. Plan I would result in 5,000 shares of stock and $100,500 in debt. Plan II would result in 29,000 shares of tock and $301,500 in debt. The interest rate on the debt is 7 percent. Assume that EBIT vill be $140,000. An all-equity plan would result in 38,000 shares of stock outstanding. gnore taxes. What is the price per share of equity under Plan I? Plan II? (Do not round itermediate calculations and round your answers to 2 decimal places, e.g., 32.16.)
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