Last year, Cayman Corporation had sales of $6,799,420, total variable costs of $2,987,325, and total fixed costs of $1,593,235. In addition they paid $480,000 in interest to bondholders. Cayman has a 21% marginal tax rate. If Cayman's sales increase 5%, what should be the increase in earnings per share? SET YOUR CALCULATOR TO 4 DECIMAL PLACES ROUND TO 2 DECIMAL PLACES AT THE END. DO NOT ENTER THE % SIGN. FOR EXAMPLE IF YOUR ANSWER IS 9.4567ENTER IT AS 9.46.

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