Foundation, Incorporated, 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 $180,000$ shares of stock outstanding. Under Plan II$,$ there would be $130,000$ shares of stock

outstanding and $$1\mathrm{.}49$ million in debt outstanding. The interest rate on the debt is $6$ percent, and there are no taxes.

a$.$ Use M&M Proposition I to find the price per share.

Note: 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?

Note: Do not round intermediate calculations and round your answers to the nearest whole number, e$.$g$.,32.$

Answer is complete but not entirely correct.