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26. Jones Corp is considering two different capital structures. It currently has 20,400 shares of stock outstanding. It is considering issuing $214,000 of debt at

26.

Jones Corp is considering two different capital structures. It currently has 20,400 shares of stock outstanding. It is considering issuing $214,000 of debt at an interest rate of 8.0 percent. The break-even level of EBIT between these two capital structure options is $153,000. For this to be true, what is the current stock price? Ignore taxes.

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