29. Julie Smith 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 net income and EPS, assuming depreciation & amortization costs of $500,000 per year. Show your calculations. (9 points)