Trapper Corporation is comparing two different capital structures, an all-equity plan (Plan 1) and a levered plan (Plan ll). Under Plan I, the company would have 200,000 shares of stock outstanding. Under Plan II, there would be 150,000 shares of stock outstanding and $3 million in debt outstanding. The Interest rate on the debt is 8 percent, and there are no taxes a. If EBIT IS $675,000, what is the EPS for each plan? (Do not round Intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.) b. If EBIT is $925,000, what is the EPS for each plan? (Do not round Intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.) c. What is the break-even EBIT? (Do not round Intermediate calculations. Enter your answer In dollars, not millions of dollars, e.g.. 1,234,567.) 19 a. Plan I EPS Plan 11 EPS b. Plan EPS Plan i EPS 0. Break-even EBITUIN