Vapid is trying to choose between two financing alternatives. Under Option A, they will sell 127.6 new shares at the current price. Under Option B, they will borrow $300 at 8%. There are currently 900 shares outstanding and the firm has $400 of debt at 8%. The tax rate is 50%. Use this information to answer the following questions.

Selected Financial Information Vapid Motors Inc.
	Current	Option A	Option B
Debt	$400	$400	$700
kd	8%	8%	8%
Interest	$32	$32	$56
Tax Rate	50%	50%	50%
Price	$2.35	N/A	N/A
Shares Outstanding	900	734.4	600

Part 1

What is the EBIT-EPS indifference level? Round your answer to the nearest whole dollar.

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