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Meta currently has 20,000 shares of stock outstanding. It is considering issuing $200,000 of debt at an interest rate of 8%. The break-even EBIT between

Meta currently has 20,000 shares of stock outstanding. It is considering issuing $200,000 of debt at an interest rate of 8%. The break-even EBIT between these two capital structure options is $160,000. For this to be true, what is the current stock price? Assume no taxes.

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