need the blank answers with steps. please read question thouroughly as it was answered incorrectly the first time i submitted it.

Problem 16-2 EBIT, Taxes, and Leverage [LO2] Fujita, Incorporated, has no debt outstanding and a total market value of $436,100. Earnings before interest and taxes, EBIT, are projected to be $56.000 if economic conditions are normal. If there is strong expansion in the economy. then EBIT will be 15 percent highec if there is a recession. then EBIr will be 20 percent lower. The company is considering a $210,000 debt issue with an interest rate of 7 percent. The proceeds will be used to topurchase shares of stock. There are currently 8,900 shares outstanding. The company has a tax rate of 24 percent, a market-to-book ratio of 10 , and the stock price remains constant. a-1. Caiculate earnings per share (EPS) under each of the three economic scenarios before any debt is issued. (Do not round intermediate calculations and round your answers to 2 decimal places, e.9., 32.16.) a-2. Calculate the percentage changes in EPS when the economy expands or enters a recession. (A negative answer should be indicated by a minus sign. Do not round intermediate calculations and enter your answers as a percent rounded to 2 decimal places, e.9, 32.16.) b-1. Cakculate earnings per share (EPS) under each of the thee economic scenarios assuming the company goes through with recopitalization. (Do not round intermediate caiculations and round your answers to 2 decimal places, e.9., 32.16.) b.2. Given the recapitalization, calculate the percentage changes in EPS when the economy expands or entoss a recession. (A negative answer should be indicated by a minus sign. Do not round intermediate calculations and enter your answerk as a porcent rounded to 2 decimal places, e.9., 32.16) Hint References \begin{tabular}{|l|r|r|} \hline a-1. Recession EPS & $ & 3.83 \\ \hline a-1. Normal EPS & $ & 4.78 \\ \hline a-1. Expansion EPS & $ & 5.50 \\ \hline a-2. Recession percentage change in EPS & -19.87 & % \\ \hline a-2. Expansion percentage change in EPS & 15.00 & % \\ \hline b-1. Recession EPS & & \\ \hline b-1. Normal EPS & & 6.80 \\ \hline b-1. Expansion EPS & & \\ \hline b-2. Recession percentage change in EPS & & \\ \hline b-2. Expansion percentage change in EPS & & % \\ \hline \end{tabular}