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Southwest Sands currently has 20,000 shares of stock outstanding. It is considering issuing $116,000 of debt at an interest rate of 7.1 percent. The break-even

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Southwest Sands currently has 20,000 shares of stock outstanding. It is considering issuing $116,000 of debt at an interest rate of 7.1 percent. The break-even level of EBIT between these two capital structure options is $70,000. How many shares of stock will be repurchased if the company undergoes the recapitalization? Ignore taxes. Multiple Cholce 2,235.49 shares 2,549.24 shares 2,353.14 shares 1,848.90 shares 2,016.98 shares

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