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1. Northeast Lobster currently has 20,700 shares of stock outstanding. It is considering issuing $232,000 of debt at an interest rate of 8.3 percent. The

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1. Northeast Lobster currently has 20,700 shares of stock outstanding. It is considering issuing $232,000 of debt at an interest rate of 8.3 percent. The break-even level of EBIT between these two capital structure options is $165,000. For this to be true, what is the current stock price? Ignore taxes. $96.04 $109.76 $100.61 $105.18 $91.23

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