ABC Co is considering both an all equity and a debt-equity capital structure. The all equity capital structure would consist of 40,000 shares of stock. The debt and equity option would consist of 25,000 shares of stock plus $300,000 of debt at an interest rate of 8%. What is the break-even level of earnings before interest and taxes between these two options? Ignore taxes. $35,000 $72,000 $62,500 $64,000 $52,000