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Suppose Super Pumps Inc. wants to expand production of its new solar-powered bilge pumps. It projects the EBIT of $3 million if the expansion is successful. Assume the projected total funds needed for this expansion are $9 million. Also assume Super Pumps could finance the $9 million by selling bonds with a pretax interest cost of 12% or by selling equity at $14 per share. There are one million shares outstanding, an initial debt of $10 million, and the firm's tax rate is 26%. What is the EBIT-EPS indifference point? Write your answer in millions, to two decimal places. That is, if your answer is $8,340,500,000, write 8340.50 . Suppose Super Pumps Inc. wants to expand production of its new solar-powered bilge pumps. It projects the EBIT of $3 million if the expansion is successful. Assume the projected total funds needed for this expansion are $9 million. Also assume Super Pumps could finance the $9 million by selling bonds with a pretax interest cost of 12% or by selling equity at $14 per share. There are one million shares outstanding, an initial debt of $10 million, and the firm's tax rate is 26%. What is the EBIT-EPS indifference point? Write your answer in millions, to two decimal places. That is, if your answer is $8,340,500,000, write 8340.50

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