Tina Black's Fabrics is currently an all equity firm that has $15,000$ shares of stock outstanding at a market price of $$12\mathrm{.}50$ a share. Company management has decided to issue $$60,000$ worth of debt and use the funds to repurchase shares of the outstanding stock at the market price. The interest rate on the debt will be $7\%.$ Ignoring taxes, what is the earnings per share $($EPS$)$ at the break$-$even level of earnings before interest and taxes $($EBIT$)?$

A$.$ $$1\mathrm{.}143$

B$.$ $$1\mathrm{.}125$

C$.$ $$1\mathrm{.}500$

D$.$ $$0\mathrm{.}875$

E$.$ $$0\mathrm{.}667$