holiday decor is an all-equity fine with a total market value of $347,000 and 12,000 shares of stock outstanding. management is considering issuing $48,000 of debt at an interest rate of 7 percent and using the proceeds in a stock repurchase. as an all-equity firm, management believes its earnings vefire interesr and taxes (EBIT) will be $33,000 if the economy is normal, $8000 if it is in recession, and $41,000 if the economy booms. ignore taxes. What will the EPS be if the economy falls into a recession and the firm maintains its all-equity status?

.$75

.$67

$1.21

$1.50

$1.33