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A company has $8.72 million of debt in its current capital structure at an annual interest rate of 4.06% and 7.6 million ordinary shares on

A company has $8.72 million of debt in its current capital structure at an annual interest rate of 4.06% and 7.6 million ordinary shares on issue with a market value of $5.8 million. The firms tax rate is 30%. If EBIT is expected to be $3.2 million calculate the firms earnings per share (report your answer to two decimal places)

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