Recapitalization A proposed recapitalization plan for Focus Corporation would change its current all$-$equity capital structure to leveraged capital structure The proposal is for Focus to sell $$52,000,000$ worth of long$-$term debt at an interest rate of $7\%$ and then repurchase as many shares as possible at a price of $$21$ per share. Focus currently has $5,300,000$ shares outstanding and expects EBIT to be $$22,000,000$ per year in perpetuity lgnoring taxes, calculate the following

a$.$ The number of shares outstanding, the per$-$share price, and the debt$-$to equity ratio for Focus if it adopts the proposed recapitalization

b$.$ The earnings per share $($EPS$)$ and the return on equity $($ROE$)$ for Focus under the current and proposed capital structures

c$.$ The EBIT where EPS is the same for both capital structures

d$.$ The EBIT where EPS is zero for both capital structures

a$.$ The number of shares outstanding for Focus if it adopts the proposed recapitalization is shares $($Round to the nearest whole number$)$