Business
Business, 27.06.2019 16:10, ranaaf

Rise against corporation is comparing two different capital structures, an all-equity plan (plan i) and a levered plan (plan ii). under plan i, the company would have 205,000 shares of stock outstanding. under plan ii, there would be 155,000 shares of stock outstanding and $2.17 million in debt outstanding. the interest rate on the debt is 6 percent and there are no taxes. use m& m proposition i to find the price per share. (round your answer to 2 decimal places. (e. g., 32.16))

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