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Blue Stripes Co. is comparing two different capital structures. Plan I would result in 8,500 shares of stock and $313,500 in debt. Plan II would

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Blue Stripes Co. is comparing two different capital structures. Plan I would result in 8,500 shares of stock and $313,500 in debt. Plan II would result in 12,000 shares of stock and $198,000 in debt. The interest rate on the debt is 10 percent. The all-equity plan would result in 18,000 shares of stock outstanding. Ignore taxes for this problem. Required: (a) What is the price per share of equity under Plan I? (Do not include the dollar sign ($).) Price per share (b) What is the price per share of equity under Plan II? (Do not include the dollar sign ($).) Price per share

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