Konica Minolta (KM) has no debt outstanding and a total market value of N$150 000. Earnings before interest and taxes (EBIT) are projected to be N$ 14 000 if economic conditions are normal. If there is a strong expansion in the economy, then EBIT will be 30% higher. If there is a recession, then EBIT will be 60% lower. KM is considering a N$60 000 debt issue with a 5% interest rate. The proceeds will be used to repurchase shares of stock. There are currently 2 500 shares outstanding. Ignore taxes and assume there is no debt outstanding. Calculate earnings per share [EPS] to 2 decimal places under recession