Noah Cruise Lines Inc. has no debt outstanding and a total market value of $250,000. Earnings before interest and taxes, EBIT, are projected to be $22,000 if economic conditions are normal. If there is strong expansion in the economy, then EBIT will be 22% higher. If there is a recession, then EBIT will be 35% lower. The company is raising $50,000 of debt with an interest rate of 7.5%. The proceeds are used to repurchase shares of stock. There are currently 5,000 shares outstanding and the tax rate is 21%. What will be the percentage change in EPS from normal if the economy has a recession? Round off to two decimal places (example: 20.53%, or $4.93)