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Northeast Lobster currently has 19,100 shares of stock outstanding. It is considering issuing $136,000 of debt at an interest rate of 6.9 percent. The break-even

Northeast Lobster currently has 19,100 shares of stock outstanding. It is considering issuing $136,000 of debt at an interest rate of 6.9 percent. The break-even level of EBIT between these two capital structure options is $101,000. For this to be true, what is the current stock price? Ignore taxes.

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