Question: How do I set this problem up in BA II PLUS TI calculator below? Solve this problem below. What is the correct answer and show

How do I set this problem up in BA II PLUS TI calculator below? Solve this problem below. What is the correct answer and show the answer below? ABC Company's Financial Performance in 2020 and 2021 ABC Company had $1,250,000 debt with an annual interest rate of 6.4%, $2,000,000 preferred stock with an annual preferred dividend rate of 10.2%, $3,500,000 common stock, and 250,000 common shares. In 2021, the company plans to raise $500,000 external capital for a new project through a term loan with an interest rate of 9.7%. The new loan's sinking fund provision requires full amortization over the next 5 years, starting in 2022. The company anticipates that existing debt and preferred stock will not be retired until 2026, resulting in the same amount in 2021. If the project is executed, the company expects $1,200,000 of EBIT in 2021. The company's tax rate is 40%. What will the expected earnings per share under the new debt alternative be? (Hint: Perform EBIT-EPS Analysis in the long-term financing decisions.) a. $1.82 b. $1.88 c. $1.85 d. $1.76 e. $1.79

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