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Lane Corporation is planning a bond issue to finance a new project. Lane plans to issue 2000 bonds with a face value of $1000 each

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Lane Corporation is planning a bond issue to finance a new project. Lane plans to issue 2000 bonds with a face value of $1000 each and a coupon rate of 7%. The tax rate is 40%. Projected earnings after completion of the project are $2 million and shares outstanding are 200,000. What is the projected EPS after completion of the project? Select one: 0 a. $4.44 O b. $5.44 O c.$5.58 d, $5.68

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