Consider a firm with an EBITDA of $$1,100,000$ and an EBIT of

$$1,000,000.$ The firm finances its assets with $$4,530,000$ debt

$($costing $8\mathrm{.}2$ percent, all of which is tax deductible$)$ and $202,000$

shares of stock selling at $$11$ per share. To reduce risk associated

with this financial leverage, the firm is considering reducing its

debt by $$2,530,000$ by selling additional 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 $$1,000,000.$Calculate the EPS before and after the change in capital

structure and indicate changes in EPS. $($Do not round intermediate

calculations. Round your answers to $2$ decimal places.$)$