Dickson Corporation is comparing two different capital structures. Plan I would result in $23,000$ shares of stock and $$81,000$ in debt.

Plan II would result in $17,000$ shares of stock and $$243,000$ in debt. The interest rate on the debt is $7$ percent.

a$.$ Ignoring taxes, compare both of these plans to an all$-$equity plan assuming that EBIT will be $$80,000.$ The all$-$equity plan would

result in $26,000$ shares of stock outstanding. What is the EPS for each of these plans?

Note: Do not round intermediate calculations and round your answers to $2$ decimal places, e$.$g$.,32\mathrm{.}16.$

b$.$ In part $($a$),$ what are the break$-$even levels of EBIT for each plan as compared to that for an all$-$equity plan?

Note: Do not round intermediate calculations.

c$.$ Ignoring taxes, at what level of EBIT will EPS be identical for Plans I and II$?$

Note: Do not round intermediate calculations.

d$-1.$ Assuming that the corporate tax rate is $24$ percent, what is the EPS of the firm?

Note: Do not round intermediate calculations and round your answers to $2$ decimal places, e$.$g$.,32\mathrm{.}16.$

d$-2.$ Assuming that the corporate tax rate is $24$ percent, what are the break$-$even levels of EBIT for each plan as compared to that for

an all$-$equity plan?

Note: Do not round intermediate calculations.

d$-3.$ Assuming that the corporate tax rate is $24$ percent, when will EPS be identical for Plans I and II$?$

Note: Do not round intermediate calculations.

Answer is complete but not entirely correct.