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James Corporation is comparing two different capital structures: an all - equity plan ( Plan I ) and a levered plan ( Plan II )

James Corporation 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 150,000 shares of stock outstanding. Under Plan II, there would be 60,000 shares of stock outstanding and $1.5 million in debt outstanding. The interest rate on the debt is 10 percent, and there are no taxes.Required:(a)If EBIT is $200,000, Plan I's EPS is $ while Plan II's EPS is $ .(Do not include the dollar signs ($). Round your answers to 2 decimal places. (e.g.,32.16))(b)If EBIT is $675,000, Plan I's EPS is $ and Plan II's EPS is $ .(Do not include the dollar signs ($). Round your answers to 2 decimal places. (e.g.,32.16))(c)The break-even EBIT is $ .(Do not include the dollar sign ($). Round your answer to the nearest whole dollar amount. (e.g.,32))

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