Ceyhan Company with a capital of 1,600,000 $ with a nominal value of 1$ of the shares in circulation. It intends to finance a new investment project of 350,000$ either by issuing bonds at a cost of 40% in their entirety, or by issuing new shares with a nominal value of 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