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so i cannot find break even EBIT please help i know im right with part A and B but its Part C that killing me

so i cannot find break even EBIT please help i know im right with part A and B but its Part C that killing me

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Problem 16-4 Break Even EBIT Franklin Corporation 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 190,000 shares of stock outstanding. Under Plan ll, there would be 140,000 shares of stock outstanding and $2 million in debt outstanding. The interest rate on the debt is 8 percent and there are no taxes a. If EBIT is $625,000, what is the EPS for each plan? (Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.) EPS Plan I 3.29 3.32 Plan II b. If EBIT is $875,000, what is the EPS for each plan? (Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.) EPS Plan I 4.61 Plan II 5.11 c. What is the break-even EBIT? (Enter your answer in dollars, not millions of dollars, e.g., 1,234,567. Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.) 217143 Break-even EBIT

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