Ceyhan A. with a capital of 1,600,000 TL with a nominal value of TL 1 of the shares in circulation. It intends to finance a new investment project of TL 350,000, either by issuing bonds at a cost of 40% in their entirety, or by issuing new shares with a nominal value of TL 1 at breakeven. Assuming that the tax rate that the company concerned is subject to is 20 %;

A) determine the point of difference between project financing alternatives

b) find the profit per share at the point of difference and show the result on a chart.