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Please show work on paper! A firm is thinking of changing its current all-equity capital structure to one that is 75% debt, 25% equity. The

Please show work on paper!

A firm is thinking of changing its current all-equity capital structure to one that is 75% debt, 25% equity. The debt will be used to repurchase shares. There are 300,000 shares currently outstanding at $40 each. If the firm adds the debt, there will be $9,000,000 of debt at an interest rate of 6% and there will be 75,000 shares outstanding. What would be the break-even EBIT between the two capital structures

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