Please help with break even EBIT. I am missing something. I am have an EPS of .68. I also tried several other attempts with break even EBIT of 11618640 million. I am baffled

GTB, Inc., has a 25 percent tax rate and has $85,536,000 in assets, currently financed entirely with equity. Equity is worth $6 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 as shown below:

State Pessimistic Probability of state 0.42/ Expected EBIT in state$4.70million

OptimisticProbability of state 0.58 / Expected EBIT in state $18.70million

The firm is considering switching to a 25-percent-debt capital structure, and has determined that it would have to pay a 9 percent yield on perpetual debt in either event.