Honeycutt Co. is comparing two different capital structures. Plan I would result in 12,700 shares of stock and $109,250 in debt. Plan II would result in 9,800 shares of stock and $247,000 in debt. The interest rate on the debt is 10 percent.

a. Ignoring taxes, compare both of these plans to an all-equity plan assuming that EBIT will be 79,000. The all equity plan would result in 15,000 shares of stock outstanding. What is the EPS for each plan? (Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.)

b. What is the break-even level of EBIT for Plan I as compared to that for an all-equity plan? What about for Plan II as compared to the all-equity plan? (Do not round intermediate calculations and round your answers to the nearest whole number, e.g., 32.)

c. What is the break-even level of EBIT for Plan I as compared to Plan II? (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.)

d-1. Assuming the corporate tax rate is 21 percent, what is the EPS for each plan? (Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.)

d-2. Assuming the corporate tax rate is 21 percent, what is the break-even level of EBIT for Plan I as compared to that for an all-equity plan? What about for Plan II as compared to the all-equity plan? (Do not round intermediate calculations and round your answers to the nearest whole number, e.g., 32.)

d-3. Assuming the corporate tax rate is 21 percent, what is the break-even level of EBIT for Plan I as compared to Plan II? (Do not round intermediate calculations and round your answers to the nearest whole number, e.g., 32.)