Kolby Corp. is comparing two different capital structures. Plan I would result in 12,000 shares of stock and $100,000 in debt. Plan II would result in 7,200 shares of stock and $160,000 in debt. The interest rate on the debt is 10 percent. Assume that EBIT will be $90,000. An all-equity plan would result in 20,000 shares of stock outstanding. Ignore taxes. What is the price per share of equity under Plan I? Plan II?