Kyle Corporation is comparing two different capital structures, an all-equity plan (Plan I) and a levered plan (Plan II). Under Plan I, Kyle would have 770,000 shares of stock outstanding. Under Plan II, there would be 520,000 shares of stock outstanding and $9.50 million in debt outstanding. The interest rate on the debt is 8 percent, and there are no taxes. Requirement 1: Assume that EBIT is $2.7 million. Compute the EPS for both Plan I and Plan II. (Do not round intermediate calculations. Round your answers to 2 decimal places (e.g., 32

EPS Plan I $ Plan II $ Requirement 2: Assume that EBIT is $3.2 million. Compute the EPS for both Plan I and Plan II. (Do not round intermediate calculations. Round your answers to 2 decimal places (e.g., 32.16).)

EPS Plan I $ Plan II $