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Jason Corporation is planning a bond issue to finance a new project. Jason plans to issue 2000 bonds with a face value of $1000 each

Jason Corporation is planning a bond issue to finance a new project. Jason plans to issue 2000 bonds with a face value of $1000 each and a coupon rate of 12%. The tax rate is 40%. Projected EPS after completion of the project is $5.28 what are the projected after tax earnings at the completion of the project if there are 200000 shares outstanding?

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