Use the following information to answer questions (34)-(36). Franklin Corporation is comparing two different capital structures, an all-equity plan (Plan 1) and a levered plan (Plan II). Under Plan I, the company would have 315,000 shares of stock outstanding. Under Plan II, there would be 225,000 shares of stock outstanding and $4.14 million in debt outstanding. The interest rate on the debt is 10 percent and there are no taxes. ). What is the break-even EBIT? 34) If EBIT is $750,000, which plan will result in the higher EPS? a. Plan II b. Plan 1 c. Both plans result in the same EPS d. Cannot be determined because of insufficient information 35) If EBIT is $1,750,000, which plan will result in the higher EPS? a. Plan 1 b. Plan II c. Cannot be determined because of insufficient information d. Both plans result in the same EPS 36) What is the break-even EBIT? a. $1,500,125 b. $1,495,250 c. $1,566,990 d. $1,449,000