Absolutely Inc. is expecting to raise $5 million either through the issue of stock or bonds. It currently has $1,000,000 in debt paying interest of 10%. If it issues new bonds, it will have to pay a coupon of 12% annually. Conversely, it could issue shares at $40 each. The current number of shares outstanding is 400,000. The marginal tax rate is 35%. 

At what EBIT will the two forms of financing, i.e. between stocks and bonds, be the same, i.e. have the same EPS?