Bavarian Brew, an unlevered firm, has a perpetual EBIT of $500,000. The required return on assets for the firm's assets is 10%. The company has 250,000 shares outstanding, trading at $20 per share. The company is considering raising $1 million in debt with a required return of 6% and would use the proceeds to repurchase 50,000 shares of outstanding stock. What are Bavarian Brew's earnings per share after the restructuring? Assume corporate taxes of 34%. O $1.42 O$1.32 O$1.52 O$1.35 O$1.45