(Capl. Str.) A company has 5.72 million common shares outstanding and $58 million of debt with an interest rate of 5.9%. The company wants to raise another $46.4 million. It can do so by selling an additional 2.86million shares of common stock (the equity plan) or by taking out a bank loan with an interest rate of 6.9% (the debt plan). The company has no preferred stock. The corporate tax rate is 22%. At what level of EBIT would the company have the same earnings per share (EPS) under either plan? Specify the answer in $ mln., to the nearest $0.01 mln., drop the $ symbol.

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