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Northeast Lobster currently has 2 0 , 7 0 0 shares of stock outstanding. It is considering issuing $ 2 3 2 , 0 0

Northeast Lobster currently has 20,700 shares of stock outstanding. It is considering issuing $232,000 of debt at an interest rate of 8.3 percent. The break-even level of EBIT between these two capital structure options is $165,000. For this to be true, what is the current stock price? Ignore taxes.Multiple Choice$96.04$109.76$105.18$91.23$100.61

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