A new board of directors of the BMP Corporation is considering a capital restructuring as currently BMP uses no-debt financing.The board is considering issuing $3 400 000 of debt and using the funds to retire one quarter of 160 000 shares that the company currently has outstanding.The interest rate on debt is 8.30% per annum.Calculate the break-even level of earnings before interest and taxes (EBIT)between both capital structure options: