janice Co has produced the following net profit figures for the years ending 31 December

$m

2006

11

2007

1.5

2008

18

On 1 January 2007 the number of shares outstanding was 500,000. During 2007 the company announced

a rights issue with the following details:

Rights: 1 new share for each 5 outstanding (100,000 new shares in total)

Exercise: $5

Last date to exercise rights: 1* March 2007

The market (fair) value of one share in Marcoli immediately prior to exercise on 1* March 2007=$11.00

calculate eps for 2006 2007 and 2008