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Last year, Neptune Corporation had sales of $667,000 and paid taxes of $ 84,000. Because of the low interest rate environment, the firm also borrowed

Last year, Neptune Corporation had sales of $667,000 and paid taxes of $ 84,000. Because of the low interest rate environment, the firm also borrowed some money from the local bank and paid $75,000 in interest expense. In addition, the firm incurred Variable Costs and Fixed Costs of $ 169,000 and $ 252,000 respectively . If operating income increases by 7%, what should be the increase in earnings per share? SET YOUR CALCULATOR TO 4 DECIMAL PLACES AND ROUND TO 2 DECIMAL PLACES AT THE END DO NOT ENTER THE % SIGN. IF YOUR ANSWER IS 7.7011%, FOR EXAMPLE , ENTER 7.70

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