Calculate an EBIT break-even between a debt firm (DF) and an all-equity firm (EF) based on the following information: DF interest =

$39,900,

DF number common shares =

6,800,

EF number of common shares =

10,200,

and tax rate =

35

percent. Check your answer by calculating the EPS for both DF and EF at the break-even EBIT.

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