Lehman Industries (LVI) is currently an all-equity firm. It expects to generate earnings before interest and taxes (EBIT) of $10 million over the next year. Currently, LVI has 10 million shares outstanding, and its stock is trading for a price of $7.50 per share. LVI is considering changing its capital structure by borrowing $15 million at an interest rate of 8% and using the proceeds to repurchase 2 million shares at $7.50 per share. Assume that the capital markets are perfect (for example, no taxes, securities are fairly priced and information is symmetric). (a) What are the expected earnings per share for a stock in LVI before and after the change in leverage, respectively