K Ltd. Has currently an equity share capital of Rs. 25 lakhs., consisting of 25000 shares of Rs. 100 each. The management is planning to raise another Rs. 20 lakhs to finance major programme of expansion through one of the four possible financial plans. [10] (a) Entirely through equity shares. (b) Rs. 10 lakhs through equity shares and Rs. 10 lakhs through long-term borrowings at 8% interest. (c) Rs. 5 lakhs through equity shares and Rs. 15 lakhs through long-term borrowing at 9 percent interest (d) Rs. 10 lakhs through equity shares and Rs. 10 lakhs through preference shares with 5% dividend. The company's expected EBIT will be Rs. 8 lakhs. Assuming a corporate tax rate of Rs. 46%. Determine the EPS in each alternative and comment which alternative is best and why