ADL Ltd. is fully financed with equity. Total market value of the firm is $800,000 and it has 50,000 shares of stock outstanding. The company's expected EBIT is $66,000 if the economy is normal and $78,000 if the economy booms. The firm is considering a bond issue of $33,600 with a coupon rate of 7.6 percent and the bond proceeds will be used to repurchase shares. The tax rate is 34 percent. Estimate the percentage increase in EPS if the economy experiences a boom rather than a normal state. Multiple Choice 15.42% 12.84% 18.91% None of the options given is correct