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. Cain Able Debt @ 8% Common stock $90,000 180,000 Debt @ 88 Common stock $180,000 90,000 Total $ 270,000 Total $270,000 Common shares 18,000 Common shares 9,000 a. Compute EPS if EBIT are $18,000, $21,600, and $54,000 (assume a 10 percent tax rate). (Round the final answers to 2 decimal places. Do not leave any empty spaces; input a 0 wherever it is required.) Cain $ Able $ EPS at $18,000 $ $ $ EPS at $21,600 EPS at $54,000 $ $ b. What is the relationship between EPS and level of EBIT? c. If the cost of debt went up to 10 percent and all other factors remained equal, what would be the indifference point for EBIT? Break-even level $