There are two different capital structures: an unlevered plan (Plan I) and a levered plan (Plan II). Under Plan I, the company would have 200,000 shares of stock outstanding. Under Plan II, there would be 150,000 share of stock outstanding and $1,600,000 in debt outstanding. The interest rate on the debt is 6% and there are no taxes. What is the break-even EBIT?

Group of answer choices $384,000 $440,300 $510,545 $590,585 None of above is correct.