Trapper Corporation is comparing two different capital structures, an all-equity plan (Plan 1) and a levered plan (Plan II). Under Plan I, the company would have 320,000 shares of stock outstanding. Under Plan II, there would be 240,000 shares of stock outstanding and $2,272,000 in debt outstanding. The interest rate on the debt is 10 percent, and there are no taxes. a. Use M&M Proposition I to find the price per share of equity. (Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.) b. What is the value of the firm under Plan I? (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.) c. What is the value of the firm under Plan II? (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.) a. Share price Value of the firm b. C. Value of the firm