Southwest Sands currently has $19,000$ shares of stock outstanding. It is considering issuing $$86,000$ of debt at an interest rate of $6\mathrm{.}1$ percent. The breakeven level of EBIT between these two capital structure options is $$60,000.$ How many shares of stock will be repurchased if the company undergoes the recapitalization? Ignore taxes.

Multiple Choice

$1,423\mathrm{.}91$ shares

$1,799\mathrm{.}67$ shares

$1,661\mathrm{.}23$ shares

$1,578\mathrm{.}17$ shares