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fifo inc. raises $4 million dollars by issuing shares of common stock. the market rate of interest is 10% at the time of issue. assuming
fifo inc. raises $4 million dollars by issuing shares of common stock. the market rate of interest is 10% at the time of issue. assuming a corporate tax income rate of 30% and 100,000 shares issued, and an increase in net income of 1,000,000 due to the additional resources, what is the effect on earnings per share?
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