Finch, Incorporated, is debating whether or not to convert its all$-$equity capital structure to one that is $25$ percent debt. Currently, there are $15,000$ shares outstanding and the price per share is $$38.$ EBIT is expected to remain at $$48,000$ per year forever. The interest rate on new debt is $9\mathrm{.}5$ percent, and there are no taxes.

Allison, a shareholder of the firm, owns $200$ shares of stock. What is her cash flow under the current capital structure, assuming the firm has a dividend payout rate of $100$ percent?

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

What will Allison$$s cash flow be under the proposed capital structure of the firm? Assume she keeps all $200$ of her shares.

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

Assume that Allison unlevers her shares and re$-$creates the original capital structure. What is her cash flow now?