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Kyle Corporation is comparing two different capital structures, an all-equity plan (Plan I) and a levered plan (Plan II). Und company would have 610,000 shares

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Kyle Corporation is comparing two different capital structures, an all-equity plan (Plan I) and a levered plan (Plan II). Und company would have 610,000 shares of stock outstanding. Under Plan II, there would be 360,000 shares of stock outst $9.5 million in debt outstanding. The interest rate on the debt is 9 percent, and there are no taxes. a. Assume that EBIT is $1.9 million. Compute the EPS for both Plan I and Plan II. (Do not round intermediate calculation your answers to 2 'decimal places, 32.16.) b. Assume that EBIT is $11 million. Compute the EPS for both Plan I and Plan II. (Do not round intermediate calculatior your answers to 2 decimal piaces, 32.16.) What is the break-even EBIT? (Do not round intermediate calculations and enter your answer in dollars, not milli ., 1,234,567. Round your answer to the nearest whole number, e.g., 32.) Ireak-even EBIT $

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