Break$-$even EBIT$($with and without $$taxes$).$Alpha Company is looking at two different capital$$ structures, one an$$ all$-$equity firm and the other a levered firm with $$$$1\mathrm{.}92$ million of debt financing at $7\%$ interest. The$$ all$-$equity firm will have a value of $$$$9\mathrm{.}6$ million and $480,000$ shares outstanding. The levered firm will have $384,000$ shares outstanding.

a$.$Find the$$ break$-$even EBIT for Alpha Company using EPS if there are no corporate taxes.

b$.$Find the$$ break$-$even EBIT for Alpha Company using EPS if the corporate tax rate is $30\%.$

c$.$What do you notice about these two$$ break$-$even EBITs for Alpha$$ Company?