Sunder Ltd. is planning an expansion programme which will require ₹30 crores and can be funded through one of the three following options: 1. Issue equity shares of ₹100 each at par 2. Raise a 15% loan, and 3. Issue 12% preference shares The present paid up capital is ₹60 crores and the annual EBIT is ₹12 crores. The tax rate may be taken at 30%. After the expansion plan is adopted, the EBIT is expected to be 15 crores. Calculate the EPS under all the three financing options indicating the alternative giving the highest return to the equity shareholders. Also determine the indifference point between the equity share capital and the debt financing (i.e. option 1 and option 2 above).?