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A firm has 51,500 shares of shares outstanding and just issued $125,000 in debt with an annual coupon rate of 8.9%. If the company estimates

A firm has 51,500 shares of shares outstanding and just issued $125,000 in debt
with an annual coupon rate of 8.9%. If the company estimates to generate an Earnings before interest and taxes
$116,000, and faces a tax rate of 23% What is the Earnings per share

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