exMart maintains a$$ debt$-$to$-$equity ratio of $1\mathrm{.}0$ regardless of whether the firm experiences expansion or contraction. At the present$$ time, LexMart has $$$$1$ comma $000$ par value bonds outstanding that pay $8\%$ annual interest. The firm also has $2\mathrm{.}1$ million shares of common stock outstanding that sells for $$$$23$ per share.

a$.$ Based on$$ LexMart's current annual NOP of $$$$22$ comma $000$ comma $000$ and its corporate tax rate of $25\%,$ what is its$$ EPS?

b$.$ If LexMart would like to finance a $$$$63$ million expansion while maintaining$$ it's current$$ debt$-$to$-$equity ratio of$1\mathrm{.}0,$ how many bonds at $$$$1$ comma $000$ per bond and shares of stock will it have to sell to pay for the$$ expansion?

c$.$ After the$$ expansion, what level of annual NOP will LexMart have to generate to maintain its current level of$$ EPS?