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Northeast Lobster currently has 18,600 shares of stock outstanding. It is considering issuing $106,000 of debt at an interest rate of 6.4 percent. The break-

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Northeast Lobster currently has 18,600 shares of stock outstanding. It is considering issuing $106,000 of debt at an interest rate of 6.4 percent. The break- even level of EBIT between these two capital structure options is $81,000. For this to be true, what is the current stock price? Ignore taxes. Multiple Choice O $71.28 O $77.76 $64.64 O O $74.52 O $68.04

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