NoNuns Companies has a $21$ percent tax rate and has $$350$ million in assets, currently financed entirely with equity. Equity is worth $$37$ per share, and book value of equity is equal to market value of equity. Also, let's assume that the firm's expected values for EBIT depend upon which state of the economy occurs this year, with the possible values of EBIT and their associated probabilities shown as follows: State Probability of state Expected EBIT in state Recession $0\mathrm{.}25$ $$5$ million Average $0\mathrm{.}55$ $$10$ million Boom $0\mathrm{.}20$ $$17$ million T he firm is considering switching to a $20-$percent$-$debt capital structure and has determined that it would have to pay an $8$ percent yield on perpetual debt in either event. What will be the break$-$even level of EBIT?