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 750,000 shares of stock outstanding. Under Plan II, there would be 500,000 shares of stock outstanding and $8.50 million in debt outstanding. The interest rate on the debt is 8 percent, and there are no taxes. Requirement 1: (a)Assume that EBIT is $2.3 million, compute the EPS for Plan I. $3.73 $4.24 $3.24 $3.07 $6.31 (b)Assume that EBIT is $2.3 million, compute the EPS for Plan II. $3.73 $4.24 $3.24 $3.07 $6.31 Requirement 2: (a)Assume that EBIT is $2.8 million, compute the EPS for Plan I. $3.75 $3.24 $3.73 $4.24 $3.07 (b)Assume that EBIT is $2.8 million, compute the EPS for Plan II. \begin{tabular}{|r|} \hline$3.73 \\ \hline$3.75 \\ \hline$3.24 \\ \hline$3.07 \\ \hline$4.24 \\ \hline \end{tabular} Requirement 3: What is the break-even EBIT? $2,374,376$2,040,000 Requirement 3: What is the break-even EBIT? $2,374,376$2,040,000$469,064$2,120,000$2,300,000