Kyle 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 $705,000$ shares of stock outstanding. Under Plan II$,$ there would be $455,000$ shares of stock outstanding and $$6\mathrm{.}25$ million in debt outstanding. The interest rate on the debt is $11$ percent, and there are no taxes.

a$.$ Assume that EBIT is $$1\mathrm{.}4$ million. Compute the EPS for both Plan I and Plan II$.($Do not round intermediate calculations and round your answers to $2$ decimal places, $32\mathrm{.}16.)$

$\backslash$table$[[,$EPS$],[$Plan I,$3],[$Plan II$,]]$

b$.$ Assume that EBIT is $$2\mathrm{.}9$ million. Compute the EPS for both Plan I and Plan II$.($Do not round intermediate calculations and round your answers to $2$ decimal places, $32\mathrm{.}16.)$