Consider the following case of Happy Turtle Transportation Company: Suppose Happy Turtle Transportation Company is considering a project that will require $350,000 in assets. - The company is small, so it is exempt from the interest deduction limitation under the new tax law. - The project is expected to produce earnings before interest and taxes (EBIT) of $50,000. - Common equity outstanding will be 15,000 shares. - The company incurs a tax rate of 25%. If the project is financed using 100% equity capital, then Happy Turtle Transportation Company's return on equity (ROE) on the project will be . In addition, Happy Turtle's earnings per share (EPS) will be Alternatively, Happy Turtle Transportation Company's CFO is also considering financing the project with 50% debt and 50% equity capital. The interest rate on the company's debt will be 10%. Because the company will finance only 50% of the project with equity, it will have only 7 shares outstanding. Happy Turtle Transportation Company's ROE and the company's EPS will be . if management decides to finance the project with 50% debt and 50% equity. Typically, using financial leverage will a project's expected ROE