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interest rate of 9 percent. The Zohar, Inc. is an all-equity firm that has 6,400 shares of stock outstanding at a market price of $17

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interest rate of 9 percent. The Zohar, Inc. is an all-equity firm that has 6,400 shares of stock outstanding at a market price of $17 per share. The firm's management has decided to issue $52,000 worth of debt at funds will be used to repurchase shares of the outstanding stock. What are the earnings per share at the break-even EBIT? Multiple Choice O $3.17 O $3.20 $2.93 O O $1.53 O $1.84

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