Western Shores is comparing two separate capital structures. The first structure consists of 260,000 shares of stock and no debt. The second structure consists of 210,000 shares of stock and $1.5 million of debt. What is the price per share of equity?
A) $18
B) $22
C) $27
D) $30
E) $33

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The Answer of Western Shores is comparing two separate capital structures. The first structure consists of 260,000 shares of stock and no debt. The second structure consists of 210,000 shares of stock and $1.5 million of debt. What is the price per share of equity?
A) $18
B) $22
C) $27
D) $30
E) $33

Western Shores Is Comparing Two Separate Capital Structures