If the whole answer is correct and answered. I will give a thumbs up.

Texas Instruments is an all-equity company and currently has 8,800 shares of common stock. Each share can be bought or sold for $27 in today's market. Texas Instruments is considering borrowing $84,000 by selling corporate bonds, and using the raised money to buy back a part of its outstanding shares of stock from the market. The yield to maturity (or the annual rate of return) for these bonds is 9%. Calculate Texas Instruments' earnings per share at the break-even level of the company's EBIT, such that Texas Instruments' stockholders are neutral to Texas Instruments being financially levered or unlevered. Multiple Choice $3.76 $4.07 $2.92 $2.43 $6.87