Foundation Corporation is comparing two different capital structures, an all$-$equity plan

$($Plan I$)$ and a levered plan $($Plan II$).$ Under Plan I, the company would have $160,000$

shares of stock outstanding. Under Plan II$,$ there would be $110,000$ shares of stock

outstanding and $$1\mathrm{.}41$ million in debt outstanding. The interest rate on the debt is $7$

percent and there are no taxes.

a$.$ Use MM Proposition I to find the price per share. $($Do not round intermediate

calculations and round your answer to $2$ decimal places, e$.$g$.,32\mathrm{.}16.)$

b$.$ What is the value of the firm under each of the two proposed plans? $($Do not round

intermediate calculations and enter your answers in dollars, not millions of dollars,

rounded to the nearest whole number, e$.$g$.,1,234,567.)$

a$.$ Share price

b$.$ All$-$equity plan

b$.$ Levered plan