Scott's company is looking at expanding into a new territory and needs to evaluate various financing plans. Below are the characteristics of each plan:

Plan A: Scott's company will sell 1,000,000 shares of common stock at a market price of $15 each Plan B: Scott's company will sell $15,000,000 of long-term debt at a rate of 12%

Additional characteristics of Scott's company that you need to be aware of:

-Marginal tax rate of 35% -Currently 10,000,000 shares of stock outstanding

What is the EBIT-EPS indifference point?