Edsel Research Labs has $28.40 million in assets. Currently half of these assets are financed with long-term debt at 6 percent and half with common stock having a par value of $10. Ms. Edsel, the Vice President of Finance, wishes to analyze two refinancing plans, one with more debt (D) and one with more equity (E). The company earns a return on assets before interest and taxes of 6 percent. The tax rate is 35 percent Under Plan D, a $710 milion longtem bond would be sold at an interest rate of 9 percent and 710,000 shares of stock would be purchased in the market at $10 per share and retired. Under Plan E. 710,000 shares of stock would be sold at $10 per share and the $7,100,000 in proceeds would be used to reduce long term debt a-1. Compute earnings per share considering the current plan and the two new plans. Note: Round your answers to 2 decimal places