The X corporation has decided to undergo a capital restructuring. Currently, the company has no debt financing. However, following the restructuring, debt will be $$1$ million, and the company is expected to repurchase stocks with the proceed. The interest rate on the debt will be $10$ percent. The X corporation has $250,000$ shares outstanding, and the stock price per share is $$40.$

a$)$ If the restructuring is expected to increase EPS, what is the minimum level for EBIT that the X corporation must be expecting?

b$)$ Under the restructure, what will be the EPS when the company is expected to have zero EBIT?