Goob products is an all-equity firm with 21,100 shares of stock outstanding and a total market value of $366,000. Based on its current capital structure, the firm is expected to have earnings before interest and taxes of $33,000 if the economy is normal, $19,600 if the economy is in a recession, and $46,400 if the economy booms. Ignore taxes. Management is considering issuing $92,200 of debt with an interest rate of 8 percent. If the firm issues the debt, the proceeds will be used to repurchase stock. What will the earnings per share be if the debt is issued and the economy is in a recession?