P$131$ EPS CALCULATIONS AND DEGREE OF FINANCIAL LEVERAGE Northwestern Savings and Loan has a current capital structure consisting of $$250,000$ of $16\%$ annual interest debt and $2,000$ shares of common stock. The firm pays taxes at the rate of $21\%.$ Using EBIT values of $$80,000$ and $$120,000,$ determine the associated earnings per share $($EPS$).$ Using $$80,000$ of EBIT as a base, calculate the degree of financial leverage $($DFL$).$ Rework parts a and b$,$ assuming that the firm has $$100,000$ of $16\%($annual interest$)$ debt and $3,000$ shares of common stock. Please explain how you arrive at the answers