Boston Lumber is unlevered with 305 shares outstanding and earnings before interest and taxes, or EBIT, of 775. Corporate earnings are taxed at a rate of 32%. Suppose that Boston Lumber makes a decision to partition its assets into debt and equity by using the newly raised debt capital to buy back a portion of the stock. The firm issues $1750 of debt at a cost of 8.85%. The partition does not change EBIT but reduces the number of shares outstanding to 230. Which of the following is Boston Lumber's EPS after the partition? $1.83 $3.37 $1.38 $1.73