Problem $16-4$ Break$-$Even EBIT

Byrd 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 $170,000$ shares of stock outstanding. Under Plan II$,$ there would be $120,000$ shares of stock outstanding and $$2\mathrm{.}4$ million in debt outstanding. The interest rate on the debt is $7$ percent and there are no taxes.

a$.$ If EBIT is $$450,000,$ what is the EPS for each plan? $($Do not round intermediate calculations and round your answers to $2$ decimal places, e$.$g$.,32\mathrm{.}16.)$

b$.$ If EBIT is $$700,000,$ what is the EPS for each plan? $($Do not round intermediate calculations and round your answers to $2$ decimal places, e$.$g$.,32\mathrm{.}16.)$

c$.$ What is the break$-$even EBIT? $($Do not round intermediate calculations and enter your answer in dollars, not millions of dollars, rounded to the nearest whole number, e$.$g$.,1,234,567.)$

$\backslash$table$[[,],[$a$.,$Plan I,$],[,$Plan II$,],[$b$.,$Plan I,$],[,$Plan II$,],[$c$.,$Break$-$even EBIT,$]]$