12. For the EBIT level of $16 million, calculate the earnings per share for each of the alternative methods of financing: assume a 50 percent tax rate and that conversion of the convertibles (a) has not taken place and (b) has taken place at the $75 conversion price. 13. Examine the interest coverage ratio for 2002 and 2004, assuming an expected EBIT level in 2002 of $16,000,000 and in 2004 an expected EBIT level of $22,000,000, with the minimum possible level of $14,000,000. Are there any modifications in this ratio that might be interesting? If additional information were available, what other ratios might be interesting? 14. Which financing alternative identified in the case would serve the best interests of CBI? Might any other methods be considered