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Dickson Corporation is comparing two different capital structures. Plan I would result in 3 9 , 0 0 0 shares of stock and $ 1

Dickson Corporation is comparing two different capital structures. Plan I would result in 39,000 shares of stock and $108,000 in debt. Plan II would result in 33,000 shares of stock and $324,000 in debt. The interest rate on the debt is 7 percent. Assume that EBIT will be $160,000. An all-equity plan would result in 42,000 shares of stock outstanding. Ignore taxes. What is the price per share of equity under Plan I? Plan II?(Do not round intermediate calculations and round your answers to 2 decimal places, e.g.,32.16.)

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