Control, Inc. has no debt outstanding and a total market value of $100,000. Earnings before interest and taxes, EBIT, are projected to be $6,000 for the coming year if economic conditions are normal. If there is strong expansion in the economy, then EBIT will be 25 percent higher than the original projection. If there is a recession, then EBIT will be 30 percent lower than the original projection. Control is considering a $40,000 debt issue with a 5 percent annual interest rate. The proceeds will be used to repurchase shares of stock. There are currently 2,500 shares. The tax rate is 25 percent. Calculate earnings per share, EPS, under each of the three economic scenarios before any debt is issued. Repeat part A), assuming that Control proceeds with the recapitalization and issues the debt at the beginning of the year. What conclusions do you draw from your analysis?