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King Lyon has the following assets: During 4 months of the year, current assets drop to $1,500,000 (total assets will then be $9,500.000 ). Its

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King Lyon has the following assets: During 4 months of the year, current assets drop to $1,500,000 (total assets will then be $9,500.000 ). Its operating profit (EBin) is expected to be $496,500, Its tax rate is 20 percent. Shares are valued at $20. Its capital structure is short-term financing at 3 percent and long-term financing of 40 percent equity, 60 percent debt at 5 percent. o. Calculate expected EPS if the firm is perfectly hedged. (Do not round intermediote calculations and round your final answer to 2 decimal placers.)

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