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Bellwood Corp. is comparing two different capital structures. Plan I would result in 25,000 shares of stock and $84,000 in debt. Plan Il would result

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Bellwood Corp. is comparing two different capital structures. Plan I would result in 25,000 shares of stock and $84,000 in debt. Plan Il would result in 19,000 shares of stock and $252,000 in debt. The interest rate on the debt is 5 percent. Assume that EBIT will be $90,000. An all-equity plan would result in 28,000 shares of stock outstanding. Ignore taxes What is the price per share of equity under Plan 1? Plan II? (Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.) Plan I Plan

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