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$?$

$\frac{0}{1}$

Note: Do not round intermediate calculations and round your answers to $2$ decimal places, e$.$g$.,32\mathrm{.}16.$

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