Desai Communications Ltd$.$ wants to implement a project for which ${?}^{}60,00,000$ is required to be raised from the market as a means of financing the project. The following financing plans and options are at hand:

$\backslash$table$[[,$Plan $1,$Plan $2,$Plan $3],[$Option I:,,,$],[$Equity shares,$60,60,60],[$Option II:$,,,],[$Equity shares,$30,40,20],[12\%$ Preference shares,Nil,$20,20],[10\%$ Non$-$convertible debentures,$30,$Nil,$20]]$

$3$

Assuming corporate tax to be $35$ percent and the face value of all the shares and debentures to be $`100$ each, calculate the indifference points and earnings per share $($EPS$)$ for each of the financing plans $1$ and $2$ and between $1$ and $3.$ Which plan should be accepted by the company?

$14$