Given the following data for Corporation X: The corporation would like to raise P6 million to finance its new project. It has two options: Option C Finance the P6 million using debt at 10\% interest Option D Finance the P6 million using common stock issuance at P1 per share price With an EBIT of P10 million, what is the EPS for Option C? (use a pro-forma income statement to compute for the EPS) Reliable Gearing currently is all-equity financed. It has 10,000 shares of equity outstanding, selling at PHP 100 a share. The firm is considering a capital restructuring. The low-debt plan call for a debt issue of PHP 200,000 with the proceeds used to buy back stock. The high-debt plan would exchange PHP 400,000 of debt for equity. The debt will pay an interest rate of 10%. The firm pays no taxes. If earnings before interest and taxes (EBIT) is PHP 110,000, what will be earnings per share (EPS) if Reliable borrows PHP 200,000? PHP 11.25 PHP 11.67 PHP 7.50 PHP 9.00