Northwestern Savings and Loan has a current capital structure consisting of $ $250$ comma $000$ of$16\%($annual interest$)$ debt and $2$ comma $000$ shares of common stock. The firm pays taxes at the rate of $21\%.$ a$.$ Calculate the EPS for EBIT value of $$80,000$ below: $($Round to the nearest dollar except for the EPS which should be rounded to the nearest cent.$)$

a$.$ Using EBIT values of $ $80$ comma $000$ and $ $120$ comma $000,$ determine the associated earnings per share$($EPS$).$