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Foundation, Incorporated, is comparing two different capital structures, an all-equity plan (Plan I) and a levered pian (Pian ili). Uncier Plan I, the company would

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Foundation, Incorporated, is comparing two different capital structures, an all-equity plan (Plan I) and a levered pian (Pian ili). Uncier Plan I, the company would have 170,000 shares of stock outstanding. Under Plan II, there would be 120,000 shares of stock outstanding and 5145 milion in debt outstanding. The interest rate on the debt is 8 percent, and there are no taxos. a. Use M\&M Proposition ito find the price per share. Note: Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16. 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

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