XYZ Company has currently and equity share capital of $ 40M consisting of 40,000 equity shares of $ 100 each. The management is planning to raise another $ 30M to finance a major programme of expansion through one of the two possible financing plans. The options are:

A:Entirely through equity shares

B:$ 15M in equity shares of $ 100 each and the balance in 8% debentures.

C) $10M in equity shares of $100 each and the balance through long-term borrowing at 9% interest p.a.

D) 15M in equity shares of $100 each and the balance through preference shares with 5% dividend.

The company's EBIT will be $ 15M. Assuming corporate tax of 50%. Determine the EPS and financial leverage.