ABC Inc. is debating between a levered and an unlevered capital structure. The all- equity capital structure would consist of 75,000 shares of stock. The debt and equity option would consist of 35,000 shares of stock plus $320,000 of debt with an interest rate of 6.25 percent. Ignore taxes. What is the break-even level of earnings before interest and taxes between these two options? (Do not round intermediate calculations. Round only the final dollar denominated answer to two decimal places. Your answer must be entered without the dollar symbol ($))