Purple Jewel Company is looking into a method to secure additional capital for their next project investment. They were given three options: either to pursue 100% debt, 100% stock or to pursue an alternative with ratio of 50% Debt : 50% stock combo.

By conducting EPS/EBIT Analysis for the Purple Jewel Company, which option will you as an advisor encourage them to pursue? Justify your answer. Show your EPS/EBIT analysis calculation based on the information (Input data) provided as below.

No	Input Data	Details
1	$ Amount of capital needed	$100 million
2	EBIT Range	$40 to 60 million
3	Interest rate	5 percent
4	Tax rate	30%
5	Stock Price	$50
6	Number of Shares Outstanding	500 million