King Lyon has the following assets: Current assets Capital assets Total assets $3,700,000 8,500,000 $12,200,000 During 4 months of the year, current assets drop to $2,000,000 (total assets will then be $10,500,000). Its operating profit (EBIT) is expected to be $506,500. Its tax rate is 20 percent. Shares are valued at $25. Its capital structure is short-term financing at 3 percent and long-term financing of 40 percent equity, 60 percent debt at 5 percent. a. Calculate expected EPS if the firm is perfectly hedged. (Do not round intermediate calculations and round your final answer to 2 decimal places.)