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Lemansky Enterprises is considering a change from its current capital structure. The company currently has an all - equity capital structure and is considering a

Lemansky Enterprises is considering a change from its current capital structure. The company currently has an all-equity capital structure and is considering a capital structure with 30 percent debt. There are currently 8,320 shares outstanding at a price per share of $50. EBIT is expected to remain constant at $57,720. The interest rate on new debt is 5 percent and there are no taxes. Suppose the company does convert to the new capital structure. Show how Rebecca can maintain her current cash flow. Number of shares stockholder should sell? THE ANSWER IS NOT 1135 OR 2496
Note: Do not round intermediate calculations and round your answer to the nearest whole number, 32.

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