Impact of Financial Leverage on EPS

ABC Corporation is evaluating the impact of financial leverage on its earnings per share (EPS). This year, the company reported an EBIT of $1,000,000 and has fixed interest expenses of $200,000. The company's equity consists of 100,000 shares outstanding, each priced at $30.

If ABC Corporation decides to increase its debt by an additional $1,000,000 at an interest rate of 10%, what will be the impact on its EPS if the EBIT remains unchanged?