Break-Even EBIT Hale Corporation is comparing two different capital structures, an all-equity plan (Plan I) and a levered plan (Plan II). Under Plan I, the company would have 145,000 shares of stock outstanding. Under Plan II, there would be 90,000 shares of stock outstanding and $3,047,000 in debt outstanding. The interest rate on the debt is 8 percent and there are no taxes. a. If EBIT is $400,000, which plan will result in the higher EPS? b. If EBIT is $700,000, which plan will result in the higher EPS? c. What is the break-even EBIT