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Northeast Lobster currently has 20,000 shares of stock outstanding. It is considering issuing $190,000 of debt at an interest rate of 7.6 percent. The break-even

Northeast Lobster currently has 20,000 shares of stock outstanding. It is considering issuing $190,000 of debt at an interest rate of 7.6 percent. The break-even level of EBIT between these two capital structure options is $137,000. For this to be true, what is the current stock price? Ignore taxes. $98.72 $94.42 $85.62 $103.01 $90.13

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