b. Honeycutt Co. is comparing two different capital structures. Plan I would result in 28,000 shares of stock and $88,500 in debt. Plan I would result in 22,000 shares of stock and $265,500 in debt. The interest rate on the debt is 4 percent a. Ignoring taxes, compare both of these plans to an all-equity plan assuming that EBIT will be $105,000. The all-equity plan would result in 31,000 shares of stock outstanding. What is the EPS for each of these plans? (Do not round intermediate calculations and round your answers to 2 decimal places, e.g. 32.16.) In part (a). what are the break-even levels of EBIT for each plan as compared to that for an all-equity plan? (Do not round intermediate calculations.) Ignoring taxes, at what level of EBIT will EPS be identical for Plans I and II? (Do not round intermediate calculations.) d-1. Assuming that the corporate tax rate is 24 percent, what is the EPS of the firm? (Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.) d-2. Assuming that the corporate tax rate is 24 percent, what are the break-even levels of EBIT for each plan as compared to that for an all-equity plan? (Do not round Intermediate calculations.) d-3. Assuming that the corporate tax rate is 24 percent, when will EPS be identical for Plans I and II? (Do not round intermediate calculations.) C. S 29.50 a. Plan EPS Plan EPS All equity EPS b. Plan and all-equity break-even EBIT c Plan and all equity break even EBIT plan and Plan I break even EBIT d-1 Plan TEPS Plan EPS All equity EPS d-2. Plan and equity break-even EBIT Plan it and all-equity break even EBIT -3. Plan and Plan it break-even EBIT