Foxland, Inc., 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 $160,000$ shares of stock outstanding. Under Plan II$,$ there would be $145,000$ shares of stock outstanding and $$642,000$ in debt outstanding. The interest rate on the debt is $8$ percent, and there are no taxes.

If EBIT is $$300,000,$ which plan will result in the higher EPS?

If EBIT is $$700,000,$ which plan will result in the higher EPS?

What is the break$-$even EBIT