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 $205,000$ shares of stock outstanding. Under Plan II$,$ there would be $125,000$ shares of stock outstanding and $$1\mathrm{.}73$ million in debt outstanding. The interest rate on the debt is $8$ 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$.,32.$

$\backslash$table$[[$a$.$ Share price,$$,34\mathrm{.}60],[$b$.$ All$-$equity firm value,$$,7,093,000$