I need help with finding the interest in this problem?

The Lopez-Portillo Company has $10.6 million in assets, 80 percent financed by debt, and 20 percent financed by common stock. The interest rate on the debt is 9 percent and the par value of the stock is $10 per share. President Lopez-Portillo is considering two financing plans for an expansion to $18 million in assets. Under Plan A, the debt-to-total-assets ratio will be maintained, but new debt will cost a whopping 12 percent! Under Plan B, only new common stock at $10 per share will be issued. The tax rate is 40 percent. a.) if EBIT is 9% on total assets, compute earnings per share before the expansion and under the two alternatives.

a.) Calcuation of EPS (Earnings Per Share)
EBIT is 9% of total assets
Current year plan, Total assets are 10.6 million
Plan A and B, Total assets are 18 million
	Earnings Per Share (EPS)
	Current	Plan A	Plan B
EBIT	954,000	1,620,000	1,620,000
Less Interest
EBT
Less Taxes (40%)
EAT
Common Shares
EPS (EAT/Common Shares