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Northeast Lobster currently has 18,900 shares of stock outstanding. It is considering issuing $124,000 of debt at an interest rate of 67 percent. The break-even

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Northeast Lobster currently has 18,900 shares of stock outstanding. It is considering issuing $124,000 of debt at an interest rate of 67 percent. The break-even level of EBIT between these two capital structure options is $93,000. For this to be true, what is the current stock price? Ignore taxes. Multiple Choice 580.44 $7344 S6972 $83.93 $76.94

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