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A company has no debt outstanding and a total market value of $184,000. Earnings before interest and taxes, EBIT, is projected to be $24.000 if

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A company has no debt outstanding and a total market value of $184,000. Earnings before interest and taxes, EBIT, is projected to be $24.000 if economic conditions are normal. If there is a good surprise, then EBIT will be 26 percent higher. If there is a bad surprise, then EBIT will be 35 percent lower. There are currently 7300 shares outstanding, Assume the market to book ratio is 10, the total market value remains constant, and there are no taxes for this problem. What will earnings per share, EPS, be if there is a bad surprise? Enter your answer in the box shown below as dollars with 2 digits to the right of the decimal point

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