hello can someone please help me solve this question and teach me step by step this is business finance the solutions are in red i am just having a hard time solving it. could you please show me neatly thanks

Potter 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 180,000 shares of stock outstanding. Under Plan II, there would be 120,000 shares of stock outstanding and $1,600,000 in debt outstanding. The interest rate on the debt is 7 percent, and there are no taxes. a) If EBIT is $300,000, which plan will result in the higher EPS? Plan 1: $1.67 Plan Il: $1.57 b) If EBIT is $500,000, which plan will result in the higher EPS? Plan 1: $2.78 Plan II: $3.23 c) What is the break-even EBIT? $336,000