Please dont use spreadsheets. use step by step explanation. if theres easier way on calculator show steps. thank you!

Break Even EBIT: Foundation, Inc., is comparing two different capital structures, an all-equity plan (Plan 1) and a leveraged plan (Plan 2). Under Plan 1, the company would have 145,000 shares of stock outstanding. Under Plan 2, there would be 125,000 shares of stock outstanding and $716,000 in debt outstanding. The interest rate on the debt is 8% and there are no taxes. A.) If EBIT is $300,000, which plan will result in the higher EPS? If EBIT is $600,000, which plan will result in the higher EPS? C.) What is the breakeven EBIT