1. Kyana Solutions is looking at two different capital structures, one an all-equity firm, and the other a levered firm

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1. Kyana Solutions is looking at two different capital
structures, one an all-equity firm, and the other a levered firm
with $2 million of debt financing at 8% interest. The all-equity
firm will have a value of $4 million and 400,000 shares
outstanding. The levered firm will have 200,000 shares
outstanding.
Question:
(i) You are required to find the break-even EBIT for Kyana
Solutions using EPS if there are no corporate taxes.
(ii) You are required to find the break-even EBIT for Kyana
Solutions using EPS if the corporate tax rate is 30%.
(iii) You are required to briefly explain and write explanation
on these two break-even EBITS for Kyana Solutions.