Lemansky Enterprises is considering a change from its current capital structure. The company currently has an all$-$equity

capital structure and is considering a capital structure with $30$ percent debt. There are currently $4,000$ shares outstanding at a

price per share of $$60.$ EBIT is expected to remain constant at $$45,830.$ The interest rate on new debt is $12$ percent and there

are no taxes.

a$.$ Rebecca owns $$24,000$ worth of stock in the company. If the firm has a $100$ percent payout, what is her cash flow?

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

b$.$ What would her cash flow be under the new capital structure assuming that she keeps all of her shares?

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

c$.$ Suppose the company does convert to the new capital structure. Show how Rebecca can maintain her current cash flow.

Note: Do not round intermediate calculations and round your answer to the nearest whole number, $32.$