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Jane's Bakery is an all-equity firm that has 8,200 shares of stock outstanding at a market price of $25 per share. The firm's management has

Jane's Bakery is an all-equity firm that has 8,200 shares of stock outstanding at a market price of $25 per share. The firm's management has decided to issue $76,000 worth of debt at an interest rate of 7 percent. The funds will be used to repurchase shares of the outstanding stock. What are the earnings per share at the break-even EBIT?

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