As the chief financial officer of ADM Designs, you are considering to raise $50 million in new debt financing. You are provided with the following information: Next year's expected net income after tax but before new financing: $49 million Sinking-fund payments due next year on the existing debt $15 million Interest due next year on the existing debt $10 million Interest rate on new debt 5% Common stock price, per share $25.00 . Common shares outstanding 10 million Company tax rate 30% Calculate next year's earnings per share assuming ADM raises $50 million in new debt financing. Show your work by providing the answers to the following questions: Net income after new financing = ? EPS = Net income / No. of shares outstanding =