Lexington has a present capital structure consisting of common stock (10 million shares) and debt ($150 million, 8% coupon rate). The company needs to raise $54 million and is undecided between two financing plans Plan A Equity financing. Under this plan, additional common stock will be sold at $15 per share. Plan B Debt financie. Under this plan the form will issue 10x coupon bonds At what level of operating income (EBIT) will the firm be indifferent between the two plans? Assume a 40% marginal tax rate, 530.6 million 533 million $31.2 milion 532.4 milion $31.8 million