The Norman Automatic Mailer Machine Company is planning to expand production. The expansion will cost $2,000,000, which can either be financed by bonds at an interest rate of 12 percent or by selling 40,000 shares of common stock at $50 per share. The current income statement before expansion is as follows:

I need help on finding the answer for d. Calculate the EBIT/EPS indifference point with the formula

15 points DCL 3.0 x b. Construct the income statement for the two financial plans. (Input all answer as positive values. Round EPS answers to 2 decimal places.) eBook Debt $ 1450000 180000 1350000 Sales Variable costs (40%) Fixed Costs Equity $ 450000 1800001 1350000 Print References EBIT Interest 1350000 640000 1350000 400000 EBT 710000 241400 950000 323000 Taxes @ 34% EAT (Net Income) Common Shares EPS 468600 100000 4.69 627000 140000 4.48 $ $ c. Calculate the following after expansion. (Do not round the intermediate calculations. Round the final answers to 2 decimal places.) DOL DFL DCL After Expansion Debt 21 x 1.90 x 3.80 x Equity 2 x 1.42 x 2.84 x d. Calculate the EBIT/EPS indifference point with the formula. EBIT $ e. Not available in Connect