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Kelso Electric is an all-equity firm with 47750 shares of stock outstanding. The company is considering the issue of $325,000 in debt at an Interest

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Kelso Electric is an all-equity firm with 47750 shares of stock outstanding. The company is considering the issue of $325,000 in debt at an Interest rate of 7 percent and using the proceeds to repurchase stock. Under the new capital structure, there would be 29,500 shares of stock outstanding. Ignore taxes. What is the break-even EBIT between the two plans Multple Choice $51.021 $41,371 $59524 S64,404 $36774

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