Reliable Gearing currently is all-equity-financed. It has 16,000 shares of equity outstanding, selling at $100 a share. The firm is considering a capital restructuring. The low-debt plan calls for a debt issue of $260,000 with the proceeds used to buy back stock. The high-debt plan would exchange $460,000 of debt for equity. The debt will pay an interest rate of 10%. The firm pays no taxes. a. What will be the debt-to-equity ratio if it borrows $260,000 ? Note: Round your answer to 2 decimal places. b. If earnings before interest and tax (EBIT) are $170,000, what will be earnings per share (EPS) if Rellable borrows $260,000 ? Note: Round your answer to 2 decimal places. c. If earnings before interest and tax (E8IT) are $170,000, what will be earnings per share (EPS) if Reliable borrows $460.000 ? Note: Round your answer to 2 decimal places