In Class ExerciseWednesday, June 10, 20206-10-20A The CFO of Metal Recycling Inc. has come up with the following projected figures for next year:Sales275,000Costs70% of salesDepreciation30,000Tax rate21%Current Shares outstanding11,000Metal Recycling Inc has no debt currently, but the board is considering a loan of $300,000 at 11% interest, which they will use to repurchase shares of their own stock at $100 per share. The CFO thinks his projections of sales may be off by + or - 10%. Depreciation will stay the same. What will their EPS be under the current structure and under the proposed structure for each scenario? Is the restructuring a good idea?