Break Even EBIT

Norfolk Nascent Corporation is comparing two different capital structures, an all equity plan $($Plan I$)$ and a levered plan $($Plan II$).$ Under Plan I, Norfolk Nascent would have $200,000$ shares of stock outstanding. Under Plan II$,$ there would be $100,000$ shares of stock outstanding and $$1$ million in debt outstanding. The interest rate on the debt is $12\%$ and there are no taxes.

PART A$1$:

If EBIT is $$240,000,$ calculate EPS for Plan I and Plan II$.$