Question: Kolby Corp. is comparing two different capital structures. Plan I would result in 3,500 shares of stock and $37,440 in debt. Plan II would result

Kolby Corp. is comparing two different capital structures. Plan I would result in 3,500 shares of stock and $37,440 in debt. Plan II would result in 2,800 shares of stock and $66,560 in debt. The interest rate on the debt is 10 percent. Assume that EBIT will be $14,800. An all-equity plan would result in 4,400 shares of stock outstanding. Ignore taxes. What is the price per share of equity under Plan I and Plan ||? (Round your answers to 2 decimal places, e.g., 32.16.) Plan | Plan
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