Charny Inc. has no debt outstanding and a total market value of $$165,000.$ Earnings before interest and taxes, EBIT, are projected to be $$21,000$ if economic conditions are normal. If there is strong expansion in the economy, then EBIT will be $20\%$ higher. If there is a recession, then EBIT will be $25\%$ lower. Charny is considering a $$60,000$ debt issue with a $7\%$ interest rate. The proceeds will be used to repurchase shares of stock. There are currently $5,500$ shares outstanding. Charny has a tax rate of $35\%.$

a$-1.$ Calculate earnings per share $($EPS$)$ under each of the three economic scenarios before any debt is issued. $($Do not round intermediate calculations. Omit $ sign in your response.$)$

$\backslash$table$[[$Recession$,$EPS$],[$Normal$,$$