Problem $13-4$ Break$-$Even EBIT $[$LO$1]$

Foundation, Incorporated, is comparing two different capital structures, an all$-$equity plan $($Plan I$)$ and a levered plan $($Plan II$).$ Under Plan $1,$ the company would have $165,000$ shares of stock outstanding. Under Plan II$,$ there would be $115,000$ shares of stock outstanding and $$1\mathrm{.}5$ million in debt outstanding. The interest rate on the debt is $8$ percent, and there are no taxes.

a$.$ If EBIT is $$600,000,$ what is the EPS for each plan?

Note: Do not round intermediate calculations and round your answers to $2$ decimal places, e$.$g$.,3216.$

b$.$ If EBIT is $$850,000$ what is the EPS for each plan?

Note: Do not round intermediate calculations and round your answers to $2$ decimal places, e$.$g$.,32\mathrm{.}16.$

c$.$ What is the break$-$even EBIT?

Note: Do not round intermediate calculations and enter your answer in dollars, not millions of dollars, e$.$g$.,1,234,567.$

$\backslash$table$[[$a$.$ Plan I EPS,$],[$Plan II EPS,$],[$b$.$ Plan I EPS,$],[$Plan II EPS,$],[$c$.$ Break$-$even EBIT,$]]$