Common Stock Financing Recession Normal Boom Debt Financing Recession Normal Boom EBIT $17,000,000,000 $21,000,000,000 $24,000,000,000 $17,000,000,000 $21,000,000,000 $24,000,000,000 Interest 0 0 0 827,119,080 827,119,080 827,119,080 EBT 17,000,000,000 21,000,000,000 24,000,000,000 16,172,880,920 20,172,880,920 23,172,880,920 Taxes 8,330,000,000 10,290,000,000 11,760,000,000 7,924,711,651 9,884,711,651 11,354,711,651 EAT 8,670,000,000 10,710,000,000 12,240,000,000 8,248,169,269 10,288,169,269 11,818,169,269 # Shares 6,604,290,189 6,604,290,189 6,604,290,189 6,495,000,000 6,495,000,000 6,495,000,000 EPS 1.31 1.62 1.85 1.27 1.58 1.82