Lotzuluhk is a firm with a leveraged capital structure. There are 1,050,000 shares outstanding with a $6.50 price per share and $2,925,000 in debt at 6.43% itnerest rate. The company is planning on issuing more shares to pay off its debt and adopt an all-equity structure. At what EBIT will the two capital structures break even?

Group of answer choices

$520,820.16

$1,020,403.79

$626,925.00

$447,719.64

$850,400.00