4. Break-Even EBIT Byrd 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 365,000 shares of stock outstanding. Under Plan II, there would be 245,000 shares of stock outstanding and $4.56 million in debt outstanding. The interest rate on the debt is 10 percent and there are no taxes. a. If EBIT is $1.25 million, which plan will result in the higher EPS? b. If EBIT is $1.75 million, which plan will result in the higher EPS? c. What is the break-even EBIT