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Intro Zambezi Corp. expects EBIT to vary with the state of the economy as follows: Zambezi doesn't have any long-term debt and has 92 million

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Intro Zambezi Corp. expects EBIT to vary with the state of the economy as follows: Zambezi doesn't have any long-term debt and has 92 million shares outstanding, currently trading at $8.67. Because of political connections, it doesn't pay any taxes. Part 1 Attempt 1/10 for 10 pts. What are the expected earnings per share (EPS) during a boom? Part 2 Attempt 1/10 for 10 pts. What are the expected earnings per share (EPS) during a bust? Pert 3 Attempt 1/10 for 10 pts. Zambezi now issues bonds worth $38 million to buy back some shares. How many shares are outstanding after the restructuring (in million)

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