A corporation currently has $2$ million outstanding shares with a market value of $$40$ per share. The corporation does not currently have any debt. It intends to borrow money at $10\%$ interest in order to buy back $40\%$ of its outstanding shares at the current market price. Calculate the breakeven EBIT for this new structure to make sense.

$$5,333,333$

$$3,200,000$

$$80,000,000$

$$8,000,000$