Consider a firm with an EBITDA of $$16,200,000$ and an EBIT of $$12,100,000.$ The firm finances its assets with $$53,200,000$ debt $($costing $7\mathrm{.}6$ percent all of which is tax deductible$)$ and $11,600,000$ shares of stock selling at $$8\mathrm{.}00$ per share. The firm is considering increasing its debt by $$26,600,000,$ using the proceeds to buy back shares of stock. The firm$$s tax rate is $21$ percent. The change in capital structure will have no effect on the operations of the firm. Thus, EBIT will remain at $$12,100,000.$

Calculate the EPS before and after the change in capital structure and indicate changes in EPS.

Note: For "Change in EPS", note negative changes with a negative sign. Round your answers to $3$ decimal places