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{.}26$ million of debt financing at $16\%$ interest. The all$-$equity firm will

have a value of $$4\mathrm{.}2$ million and $420,000$ shares outstanding. The levered firm will have $294,000$ 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 $20\%.$

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

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

$ $($Round to the nearest dollar.$)$