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Bellwood Corp. is comparing two different capital structures. Plan I would result in 28,000 shares...

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Bellwood Corp. is comparing two different capital structures. Plan I would result in 28,000 shares of stock and $88,500 in debt. Plan Il would result in 22,000 shares of stock and $265,500 in debt. The interest rate on the debt is 4 percent. Assume that EBIT will be $105,000. An all-equity plan would result in 31,000 shares of stock outstanding. Ignore taxes. What is the price per share of equity under Plan 1? Plan l1? (Do not round intermediate calculations and round your answers to 2 decimal places,e.g., 32.16.) Plan I Plan

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