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A firm has earnings before interest and taxes (EBIT) of $29 million, interest expense of $4.5 million, and pays taxes of $8 million. If the

A firm has earnings before interest and taxes (EBIT) of $29 million, interest expense of $4.5 million, and pays taxes of $8 million. If the firm has 15 million shares outstanding, what is the firm's earnings per share (EPS)? (Round to the nearest cent.)

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