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Redwing is comparing two separate capital structure policies. The first structure consists of 425,000 shares of stock and no debt. The second structure consists of

Redwing is comparing two separate capital structure policies. The first structure consists of 425,000 shares of stock and no debt. The second structure consists of 310,164 shares of stock and $1.85 million par value of debt prices in the market at 101.25% of par. What is the price per share of equity, assuming M&Ms Proposition I holds?

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