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1. (5pts) ICN Inc is considering two different capital structures: an all-equity plan (Plan I) and a levered plan (Plan II). Under Plan I, the

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1. (5pts) ICN Inc is considering two different capital structures: an all-equity plan (Plan I) and a levered plan (Plan II). Under Plan I, the company would have 89, 000 shares of stock outstanding. Under Plan II, there would be 55, 000 shares of stock outstanding and $1,124,500 in debt outstanding. The interest rate on the debt is 10%, and there are no taxes. What is the price per share of equity

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