Company ABC needs 200,000$. Company decided to borrow 80,000 $ at 8% interest rate and sale equity shares at price of 20$ per share to earn 120,000$. Earning before interest and tax are estimated to be 25,000$. The tax rate is 50%. Calculate the earning per share. Select one: O a. 1.55 O b. 1.70 ho O c. 1.36 O d. 3.05