P16-4 Break-Even EBIT (LO1] James Corporation is comparing two different capital structures: an all.equity plan (Plan ) and a levered plan (Plan I). Under Plan 1, the company would have 160,000 shares of stock outstanding. Under Plan Il, there would be 80.000 shares of stock outstanding and $2.8 million in debt outstanding. The interest rate on the debt is 8 percent, and there are no taxes. Required: (a)lf EBIT is $350,000, Plan I's EPS is $ while Plan Il's EPS is $ . (Do not include the dollar signs ($). Round your answers to 2 decimal places. (0.9., 32.16)) (b)lf EBIT is $500,000, Plan I's EPS is $ and Plan Il's EPS is $ . (Do not include the dollar signs ($). Round your answers to 2 decimal places. (e.g., 32.16)) (c) The break-even EBIT is $ (Do not include the dollar sign ($). Round your answer to the nearest whole dollar amount. (e.g., 32.))