Chapter 13 - End of Chapter Questions and Problems - Question 4 (Part b - EPS for Plan II) $1.97 $2.19 $2.97 $3.01 $4.19 LO 1 4. Break-Even EBIT Trapper 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 320,000 shares of stock outstanding. Under Plan II, there would be 240,000 shares of stock outstanding and $2,272.000 in debt outstanding. The interest rate on the debt is 10 percent, and there are no taxes, a. I EBIT is $ 700,000, which plan will result in the higher EPS? b. If EBIT is $950,000, which plan will result in the higher EPS? What is the break-even EBIT? C