A new board of directors of the BMP Corporation is considering a capital restructuring as currently BMP uses no-debt financing. There are currently 2 M shares on issue. The board is considering issuing $500,000 of debt and which will result in 1 M number of shares on issue after the proposed restructure. The interest rate on debt is 7.6% per annum. Shares are currently trading at $3 Calculate the break-even level of earnings before interest and taxes (EBIT) between both capital structure options. Use the current Australian company tax rate. A new board of directors of the BMP Corporation is considering a capital restructuring as currently BMP uses no-debt financing. There are currently 2 M shares on issue. The board is considering issuing $500,000 of debt and which will result in 1 M number of shares on issue after the proposed restructure. The interest rate on debt is 7.6% per annum. Shares are currently trading at $3 Calculate the break-even level of earnings before interest and taxes (EBIT) between both capital structure options. Use the current Australian company tax rate