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explained the result thanks Summer Tan, Incorporated, is an all-equity firm with a total market value of $476,000 and 33,500 shares of stock outstanding Management
explained the result
Summer Tan, Incorporated, is an all-equity firm with a total market value of $476,000 and 33,500 shares of stock outstanding Management believes the earnings before interest and taxes (EBIT) will be $74,700 if the economy is normal. If there is a recession, EBIT will be 15 percent lower, and if there is a boom, EBIT will be 25 percent higher The tax rate is 21 percent. What is the EPS in a boom? Multiple Choice $167 O O $123 $100 $2.20 $145 thanks
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