Van Munching Inc. has $4,000,000 in assets, 100% equity and perpetual EBIT of $600,000 a year. The firm has 60,000 shares outstanding at S60 a share. The fin's cash flows should be discounted at 13% and its tax rate is 25%. It is going to borrow $1,000,000 at a 10% interest rate and use the money to repurchase stock at $60 a share. (a) (15 points) What is the firm's breakeven EBIT? Should it repurchase its shares? Why? (6) (10 points) What is Van Munching Inc.'s value after it adds debt to the capital structure