21. Julie Johnson has collected the following data about the firm: EBITDA = $3.5 million Tax rate=38% Debt outstanding $2.5 million Cost of debt = 10.5% Cost of common equity = 14% Shares of stock outstanding = 800,000 BV of the stock per share = $12 The firm's product market is considered stable, and the firm expects no growth, and all earnings are paid out as dividends. Calculate the firm's carning per share, assuming depreciation & amortization costs of $500,000 per year. A 1.10 B. 2,12 C. 1.70 D. 4.16 E 5.10 - (United States) Focus