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Northern Wood Products is an all equity form with 1900 shares of stock outstanding and a total market value of $158.000 Based on its current

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Northern Wood Products is an all equity form with 1900 shares of stock outstanding and a total market value of $158.000 Based on its current capital structure, the firm is expected to have earnings before interest and laws of $29.000 the economy is normal. $16.400 the economy is in a recession, and $41600 the economy booms gnore taxes. Management is considering issuing $89.800 of debt with an interest rate of 8 percent. If the firm issues the debt, the proceeds will be used to repurchase stock. What will the earnings per share be the debt is issued and the economy is in a recession

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