For the year ended $2020$ ABC company has $1\mathrm{.}25$ million of debt with an annual interest rate of $8\mathrm{.}9\%$ $$2$ million of preferred stock with an annual preferred dividend rate of $9\mathrm{.}1\%$ $$3\mathrm{.}5$ million of common stock parentheses total book value and parentheses and $250,000$ common shares outstanding. In $2021$ the company plans to raise $500,000$ external capital to fund a new project through a term loan with an interest rate of $8\mathrm{.}7\%$ the new loan sinking fund provision requires the loan to be fully amortized over the next five years commencing in $2022$ the company expects that the existing debt and preferred stock will not be retired until the year $2026$ hence they will remain in the same amount in $2021.$ If the project goes as planned the company expects $$1\mathrm{.}2$ million of EBIT in $2021$ the companies tax rate is $40\%$ what will the expected earnings per share under the new debt alternative be hint perform EBITEPS analysis in the long$-$term financing decisions