Break$-$Even EBIT $($LO$2)$Vanier Corporation is comparing two different capital structures: an all$-$equity plan $($Plan I$)$ and a levered plan $($Plan II$).$ Under Plan I, the company would have $195,000$ shares of stock outstanding. Under Plan II$,$ there would be $140,000$ shares of stock outstanding and $$1,787,500$ in debt outstanding. The interest rate on the debt is $8\%,$ and there are no taxes.a$.$If EBIT is $$400,000,$ which plan will result in the higher EPS?b$.$If EBIT is $$600,000,$ which plan will result in the higher EPS?c$.$What is the break$-$even EBIT?