Problem $16-4$ 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 I, the company would have $150,000$ shares of stock outstanding. Under Plan II$,$ there would be $100,000$ shares of stock outstanding and $$1\mathrm{.}2$ million in debt outstanding. The interesif rate on the debt is $5$ percent, and there are no taxes.

a$.$ If EBIT is $$300,000,$ what is the EPS for each plan? $($Do not round intermediate calculations and round your answers to $2$ decimal places, e$.$g$.,32\mathrm{.}16.)$

b$.$ If EBIT is $$550,000,$ what is the EPS for each plan? $($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? $($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,$],[$a$.$ Plan II EPS,$],[$b$.$ Plan I EPS,$],[$b$.$ Plan II EPS,$],[$c$.$ Break$-$even EBIT,$]]$