.What is the break-even EBIT?

Can you please help with the break even part? I was able to get all the answers except
for that one. I was able to confirm my answers were correct.
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 180,000 shares of stock outstanding. Under Plan II, there would be 130,000 shares of stock outstanding and $2.6 million in debt outstanding. The interest rate on the debt is 8 percent and there are no taxes.
a.If EBIT is $575,000, what is the EPS for each plan?
b.If EBIT is $825,000, what is the EPS for each plan?
c.What is the break-even EBIT?
A- Plan I; 3.19 Plan II; 2.82
B- Plan I; 4.58 Plan II; 4.75
 
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