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Northeast Lobster currently has 19,800 shares of stock outstanding. tt is considering issuing $178,000 of debt at an interest rate of 7.4 percent. The break-even

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Northeast Lobster currently has 19,800 shares of stock outstanding. tt is considering issuing $178,000 of debt at an interest rate of 7.4 percent. The break-even level of EBIT between these two capital structure options is $129,000. For this to be true, what is the current stock price? Ignore taxes. o $83.64 O $100.62 $92.24 o $96.43 O $88.04

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