Input Area: $ Market value EBIT Expansion-EBITA Recession-EBIT Debt issue Interest rate Shares outstanding 300,000 25,000 20% 30% 60,000 6% 4,000 $ Output Area: No debt EBIT Interest NI EPS Change EPS% With debt Share price = Shares repurchased = EBIT Interest NI EPS Change EPS% Sheet1 + Yes