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Cain Auto Supplies and Able Auto Parts are competitors in the aftermarket for auto supplies. The separate capital structures for Cain and Able are presented

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Cain Auto Supplies and Able Auto Parts are competitors in the aftermarket for auto supplies. The separate capital structures for Cain and Able are presented below. Compute earnings per share if earnings before interest and taxes are $24,000 $28, 800 and $57,000 (assume a 10 percent tax rate) (Round your answers to 2 decimal places. Leave no cells blank - be certain to enter "0" wherever required. Omit the "$" sign in your response.) What is the relationship between earnings per share and the level of EBIT? Before tax return on assets is less than cost of Debt Before tax return on assets equals cost of Debt Before tax return on assets is greater than cost of Debt If the cost of debt went up to 10 percent and all other factors remained equal what would be the break-even level for EBIT? (Omit the "$" sign in your response.)

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