Suppose you are working as Risk management specialist for Bata Shoe. Currently, the firms assets have a market value of $8 million, and there are 400,000 shares outstanding. Currently Bata has no debt or preferred stock. However, the management is considering a restructuring for next year that would involve taking debt from three separate banks and using the proceeds to buy back some of the outstanding equity. The value of first debt is $ 1 million; the second debt is $1500, 000, third debt 1.5 million. This new debt would be used to purchase existing shares. The interest rate of this debt would be 10 percent. The current market price of Batas Share is $20, which is expected to become $22 in next month. However, after the restructuring the share price will be $20. Now, the top management of ACI has requested you to prepare Capital Structure Scenarios for Square. For this purpose, you have to prepare the expected and recession scenario. Under the expected scenario, the EBIT is $1.5 million. In the recession scenario, EBIT falls by $500,000. You can show the scenario calculation through EPS. Show detailed calculation.