Destin Corp. is comparing two different capital structures. Plan I would result in 10,000 shares of stock and $64,000 in debt. Plan II would result in 5,625 shares of stock and $120,000 in debt. The interest rate on the debt is 10 percent. Assume that EBIT will be $70,000. An all-equity plan would result in 15,000 shares of stock outstanding. Ignore taxes.

What is the price per share of equity under Plan I? Plan II? (

What is the price per share of equity under Plan I? Plan II? (Round your answers to 2 decimal places. (e.g., 32.16)) Price per share of equity $ Plan 1 per share AA Plan II per share