Question 18 5 pts Jackson's Jacks is looking at developing a number of projects during the next fiscal year. You have been asked to find the break points in their capital structure so they can calculate the cost of capital. The firm has 1.484,825 common shares outstanding and can borrow up to $20,206,564 in new debt before the interest rate increases the firm can then borrow any amount at the higher rate. Taxes are 23.4% and debt is 50% of the target capital structure. In addition, the firm forecast EPS of $34 for the current fiscal year and plans to continue with its historical dividend payout ratio of 31%. The firm does not use preferred equity. Hint: with the data above you can calculate retained earnings. Calculate the break point in the MCC schedule for Common Equity. Enter your answer in the box below, to the nearest penny