Foundation, Inc., is comparing two different capital structures: an all-equity plan (Plan 1) and a levered plan (Plan II). Under Plan I, the company would have 145,000 shares of stock outstanding. Under Plan II, there would be 125,000 shares of stock outstanding and $716,000 in debt outstanding. The interest rate on the debt is 8 percent, and there are no taxes. a. If EBIT is $300,000, which plan will result in the higher EPS? b. If EBIT is $600,000, which plan will result in the higher EPS? c. What is the break-even EBIT? Input Area: Plan I: Shares outstanding 145,000 Plan II: Shares outstanding 125,000 Debt outstanding $716,000 Interest rate 8% EBIT $300,000 EBIT $600,000 (Use cells A6 to B13 from the given information to complete this questi Output Area: Not income FPS + Graded Worksheet alculation Mode: Automatic Workbook Statistics (Use cells A6 to B13 from the given information to complete this question.) Output Area: Plan I Plan II 2 Plan I BPlan II Breakeven EBIT 6 Net income EPS 8 Students: The scratchpad area is for you to do any additional work you need to solve til 9 Nothing in this area will be graded, but it will be submitted with your assignment