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JellyFysh Candies is currently structured with $3,309,952 in debt and 1,600,000 in shares outstanding. The cost of debt capital for the firm is 9.43%. Some

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JellyFysh Candies is currently structured with $3,309,952 in debt and 1,600,000 in shares outstanding. The cost of debt capital for the firm is 9.43%. Some leaders in the firm want to restructure to be all equity capitalized which would reduce debt to zero and increase shares outstanding to 2,250,000. If the company expects an EBIT of $1,739,062 next year, how much will Earnings per Share (EPS) go down with the all equity restructure? $0.51 O $0.36 $0.12 $0.90 O $0.74

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