Trapper Corporation is comparing two different capital structures, an all-equity plan (Plan D) and a levered plan (Plan II). Under Plan I, the company would have 195,000 shares of stock outstanding. Under Plan II, there would be 145,000 shares of stock outstanding and $2.1 million in debt outstanding. The interest rate on the debt is 8 percent, and there are no taxes. a. If EBIT is $550,000, 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 $800,000, 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.) a. Plan 1 EPS Plan ll EPS b. Plan I EPS Plan ll EPS Break-even EBIT c. 1 of 3 MAY