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(7) Origami Company is considering a new project and needs to raise $1,000,000 of capital. Their after-tax net income would be $80,000 if they do

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(7) Origami Company is considering a new project and needs to raise $1,000,000 of capital. Their after-tax net income would be $80,000 if they do not implement the new project. If the new project is implemented, it will add an additional $60,000 ofprofits before tax and interest. Origami's income tax rate is 35%. If they use debt financing, the interest will be at 690 Origami has 20,000 shares of common stock outstanding and no preferred stock. If Origami decides to implement the project using debt financing, what will be the earnings per share amount? (Please round to the nearest cent.) If Origami decides to implement the project using equity financing, [They would have to issue an additional 10,000 shares of common stock to finance the project with equity capital. What will be the earnings per share amount? (Please round to the nearest cent.) aftertax incomebeforenewproiect- Interest for new project Additional profit from new project Additional profit- interest Tax for new project Profit from new project tax Net profit from new and od Total shares of common stock Earnings per share

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