Kyle 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 735,000 shares of stock outstanding. Under Plan II, there would be 485,000 shares of stock outstanding and $7.75 million in debt outstanding. The interest rate on the debt is 7 percent, and there are no taxes. a. Assume that EBIT is $2 million. Compute the EPS for both Plan I and Plan II. (Do not round intermediate calculations and round your answers to 2 decimal places, 32.16.) EPS Plan I Plan II b. Assume that EBIT is $3.5 million. Compute the EPS for both Plan | and Plan II. (Do not round intermediate calculations and round your answers to 2 decimal places, 32.16.) EPS Plan I Plan II c. What is the break-even EBIT? (Do not round intermediate calculations and enter your answer in dollars, not millions of dollars, e.g., 1,234,567. Round your answer to the nearest whole number, e.g., 32.) Break-even EBIT $C