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Gulf Shores Inn is comparing two separate capital structures. The first structure consists of 2 8 0 , 0 0 0 shares of stock and

Gulf Shores Inn is comparing two separate capital structures. The first structure consists of

280, 000

shares of stock and no debt. The second structure consists of

228, 000

shares of stock and

\ (\

1.62 \)

million of debt. What is the price per share of equity?

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