Recapitalization A proposed recapitalization plan for Focus Corporation would change its current all-equity capital structure to leveraged capital structure. The propesal is tor focus to sell $53,000,000 worsh of long-term debt at an intorest rate of 6.5% and then repurchase as many shares as possible at a price of $24 per share. Focus currensy has 4.700,000 shares cutstanding and expects EBIT to be $24,000,000 per year in perpetuity, Ignoring taxes, calculate the following: a. The number of shares cutstanding, the pet-share prico, and the debt-to-equily ratio for Focus if a adopts the proposed recapitalization. b. The earnings per share (EPS) and the retum on equity (ROE) for Focus under the current and proposed captal structures. c. The EBIT where EPS is the same for both capital structures. d. The EBIT whore EPS is zero for both capital structures. a. The number of shares outstanding for Focus it it adopts the proposed recaptalicition is Shaves. (Round to the neares whole number.)