EPS and$$ Debt$-$to$-$Equity$$Your corporation is currently$$ all$-$equity financed with $400$ comma $000$ shares of common stock selling for $$$$34$ a share. Currently your firm generates $$$$4$ comma $000$ comma $000$ in EBIT annually and has a $31\%$ dividend payout ratio. Your$$ firm's tax rate is $28\%.$

a$.$ What is your firm's current earnings per share and dividend per share?

c$.$ If the expansion is instead financed with an issue of new stock, what will be your firm's new EPS and dividend per share?

a$.$ Calculate the firm's current earnings per share $($EPS$)$ and dividend per share $($DPS$)$ below: $($Round to the nearest dollar except for the EPS and DPS which should be rounded to the nearest cent.$)$