As CFO of Nile Holdings, a carpet wholesaler, you have the following information as of December 2011:

Last year's EBIT, 2011 $175.0 million Expected EBIT 2012 $189.8 million Current portion of existing long-term debt, due 2012 $34 million Interest due 2012 on existing debt $36 million Tax rate 35% Common stock price today, per share $50 Common shares outstanding 20 million Dividends per share $2