Need help in this question ( Financial Management)........... IN FULL WORKOUT PLEASE

Problem Adelaide Inc. is an all-equity firm with 500,000 shares outstanding. It has AUD 2,000,000 of EBIT, and EBIT is expected to remain constant in the future. The company pays out all of its earnings, so earnings per share (EPS) equal dividends per share (DPS), and its tax rate is 25%. The company is considering issuing AUD 3,000,000 of 9.00% bonds and using the proceeds to repurchase stock. The risk-free rate is 4.5%, the market risk premium is 5.0%, and the firm's is currently 1.05. However, the CFO believes the would rise to 1.25 if the recapitalisation occurs. Assuming the shares could be repurchased at the price that existed prior to the recapitalisation, what would the price per share be following the recapitalisation? Problem Adelaide Inc. is an all-equity firm with 500,000 shares outstanding. It has AUD 2,000,000 of EBIT, and EBIT is expected to remain constant in the future. The company pays out all of its earnings, so earnings per share (EPS) equal dividends per share (DPS), and its tax rate is 25%. The company is considering issuing AUD 3,000,000 of 9.00% bonds and using the proceeds to repurchase stock. The risk-free rate is 4.5%, the market risk premium is 5.0%, and the firm's is currently 1.05. However, the CFO believes the would rise to 1.25 if the recapitalisation occurs. Assuming the shares could be repurchased at the price that existed prior to the recapitalisation, what would the price per share be following the recapitalisation