A Ltd. Co. has equity share capital of $10 million divided into shares of $100 each. It wishes to raise further $5 million for expansion of business. The company have the following options for financing:

i. All equity

ii. Equity and debt @ 10% in the ratio 2:3

iii. All debts @ 11%

iv. Equity and 12% preference share capital in the ratio 3:2

The companys current EBIT is $2 million. Corporate taxation is 50%. Calculate EPS