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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

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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 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\&M's Proposition I holds

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