Cross Town Cookies is an all-equity firm with a total market value of $4,187,100. The firm has 127,500 shares of stock outstanding. Management is considering issuing $300,000 of debt at an interest rate of 6% and using the proceeds to repurchase shares. The projected earnings before interest and taxes are $215,600. What are the anticipated earnings per share if the debt is issued? Ignore taxes. (Round the number of shares repurchased down to the nearest whole share.)