What amount of earnings before interest and tax (EBIT) will create the same level of earnings per share (EPS) for both Active and Passive? {2 ARS units if correct, 1 for any other answer} A. $10 B. $20 C. $30 D. $40 E. $50 (7) Application of calculating EBIT AGC has 2 million shares outstanding and $10 million of debt issued at a coupon rate of 10%. How much EBIT would AGC need to have in order to provide $3.00 of EPS to its shareholders? AGC pays tax at the rate of 20%. {2 ARS units if correct, 1 for any other answer} A. $9,000,000 B. $8,500,000 C. $8,000,000 D. $7,500,000 E. $7,000,000