EBIT indifference level & income statement

Abe Forrester and three of his friends from college have interested a group of venure capitalists in backing their business idea. The proposed operation would consist of a series of retail outlets to distribute and service a full line ot vacuum cleaners and accessories. These stores would be located in Dallas, Houston, and San Antonio. To finance the new venture two plans have been propsed: 
-Plan A is an all-common-equity structure which $2.5 million dollars would be raised by selling 84,000 shares of comon stock.
-Plan B would involve issuing $1.4 million dollars in long-term bonds with effective interest rate of 11.8% plus 1.1 milion would be raised by selling 42,000 shares of common stock. The debt funds raised under Plan B have no fixed maturity date, in that this amount of financial leverage is considered a permanent part of the firms capital sturcture.
Abe and his partners plan to use a 38% tax rate in their analysis and they have hired you on a consulting basis to do the following:
A: Find the EBIT indifference level associated with the two financing plans.
B: Prepare a pro forma income statement for the EBIT level for in Part A. that shows that EPS will be the same regardless whether Plan A or B is chosen.