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Northeast Lobster currently has 2 0 , 4 0 0 shares of stock outstanding. It is considering issuing $ 2 1 4 , 0 0
Northeast Lobster currently has shares of stock outstanding. It is considering issuing $ of debt at an interest rate of percent. The breakeven level of EBIT between these two capital structure options is $ For this to be true, what is the current stock price? Ignore taxes.
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