Consider a firm with an EBITDA of $$1,100,000$ and an EBIT of $$1,000,000.$ The firm finances its assets with $$4,700,000$ debt $($costing $8\mathrm{.}8$ percent, all of which is tax deductible$)$ and $218,000$ shares of stock selling at $$15$ per share. To reduce risk associated with this financial leverage, the firm is considering reducing its debt by $$2,700,000$ by selling additional shares of stock. The firm$$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.$)$