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31) A firm, Brody Inc., has a total market value of $175,000. Brody Inc. currently has no debt and 20,000 shares outstanding. In a normal

image text in transcribed 31) A firm, Brody Inc., has a total market value of $175,000. Brody Inc. currently has no debt and 20,000 shares outstanding. In a normal economy, the firm's EBIT is $30,000. The EBIT value will be 30% higher in a growing economy and 40% lower during a recession. Brody Inc.'s tax rate is 30%. 31.1) Calculate Brody Inc.'s EPS in an expansion. A) 1.365 B) 0.63 C) 1.05 D) 1.15

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