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 $175,000$ shares of stock outstanding. Under Plan II$,$ there would be $125,000$ shares of stock

outstanding and $$2\mathrm{.}23$ 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$.,32.$

a$.$ Share price

b$.$ All$-$equity firm value

Levered plan firm value