6. Paradise Travels is an all-equity firm that has 9,000 shares of stock outstanding at a market price of $27 a share. Management has decided to issue $25,000 worth of debt and use the funds to repurchase shares of the outstanding stock. The interest rate on the debt will be 7.3 percent. What are the earnings per share at the break-even level of earnings before interest and taxes? Ignore taxes. $27/(1-7.3%) = 29.03 2.93 Tomos . (15V000,2012 sd of Tai boqx9. 03 n 0.8 Wonod ng tud ldab on 2nd 7 Please explain the pecking-order theory of capital structure. Order the followine sources of capital from first to fourth in preference according to the pecking order theory A) Regular debt B) Convertible debt C) Common stock D) Internal funds