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Dickson Corporation is comparing two different capital structures. Plan I would result in 3 4 , 0 0 0 shares of stock and $ 9

Dickson Corporation is comparing two different capital structures. Plan I would result in
34,000 shares of stock and $97,500 in debt. Plan II would result in 28,000 shares of
stock and $292,500 in debt. The interest rate on the debt is 6 percent. Assume that
EBIT will be $135,000. An all-equity plan would result in 37,000 shares of stock
outstanding. Ignore taxes. What is the price per share of equity under Plan I? Plan II?(Do
not round Intermedlete calculations and round your answers to 2 declmol places, e.g.,
32.16.)
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