Bellwood Corp. is comparing two different capital structures. Plan I would result in 25,000 shares of stock and $84,000 in debt. Plan II would result in 19,000 shares of stock and $252,000 in debt. The interest rate on the debt is 5 percent.

a.	Ignoring taxes, compare both of these plans to an all-equity plan assuming that EBIT will be $90,000. The all-equity plan would result in 28,000 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.)
b.	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.)
c.	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 21 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 21 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 21 percent, when will EPS be identical for Plans I and II? (Do not round intermediate calculations.) a. plan I EPS??? plan II EPS??? ALL equity EPS??? b. Plan I and all equity break even EBIT??? Plan II and all equity break even EBIT??? Plan I and Plan II break even EBIT??? d-1. Plan I EPS??? Plan II EPS??? All equity EPS??? d-2. Plan I and all equity break even EBIT??? Plan II and all equity break even EBIT??? plan I and Plan II break even EBIT??