The Power Corporation currently has 2 million shares outstanding at a price of

$20 each and needs to raise an additional $5 million. These funds could be raised with stock or 10 percent debentures. Expected EBIT after the new funds are raised will be normally distributed with a mean of $4 million per year forever and a standard deviation of $2 million. Power Corporation has a 50 percent tax rate. What is the probability that the debt alternative is superior with respect to earnings per share?