Equity Inc. is currently an all-equity financed firm.It has 10,000 shares outstanding that sell for $20 each.The firm has an operating income of $30,000 and pays no taxes.The firm contemplates a restructuring that would issue $50,000 in 8 percent debt, which will be used to repurchase stock.Show the value of the firm, EPS, and rate of return on the stock before and after the proposed restructuring.What changed?

I am a little confused, is it possible for you guys to break down the steps simpler and briefly explain each one?

Thank you