a Sol Lee's is an all-equity firm with a total market value of $878,600 and 34,000 shares of stock outstanding. Management is considering issuing $220,000 of debt at an interest rate of 6 percent and using the proceeds on a stock repurchase. As an all- equity firm, management believes its earnings before interest and taxes (EBIT) will be $120,000 if the economy is normal, $60,000 if it is in a recession, and $180,000 if the economy booms. Ignore taxes. What will the EPS be if the economy falls into a recession and the firm maintains its all-equity status? a O $1.64 $3.53 O $1.33 $1.50 O $1.76