Foundation, Incorporated, is comparing two different capital structures, an all$-$equity plan $($Plan I$)$ and a levered plan $($Plan II$).$ Under Plan I, the company would have $195,000$ shares of stock outstanding. Under Plan II$,$ there would be $145,000$ shares of stock outstanding and $$2\mathrm{.}9$ million in debt outstanding. The interest rate on the debt is $7$ percent, and there are no taxes.

If EBIT is $$475,000,$ what is the EPS for each plan?

If EBIT is $$725,000,$ what is the EPS for each plan?

What is the break$-$even EBIT?