Question 12 Craven Brewery is considering between a levered and an unlevered capital structure. The all-equity capital structure would consist of 60,000 shares of stock. The debt and equity option would consist of 45,000 shares of stock plus $250,000 of debt with an interest rate of 7.25 percent. What is the break-even level of earnings before interest and taxes between these two options? Ignore taxes. Select one: a. $50,500 b. $68,200 c. $81,400 d. $66,667 e. $72,500