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King Lyon has the following assets During 4 months of the year, current assets drop to $1,050,000 (total assets will then be $8,600,000 ) its

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King Lyon has the following assets During 4 months of the year, current assets drop to $1,050,000 (total assets will then be $8,600,000 ) its operating profit (EBIT) is expected to be $487,500 its tax rate is 30 percent Shares are valued at $20. Its capital structure is short-term financing at 3 percent and tong-term financing of 30 percent equity, 70 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.) EPS

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