Northern Wood Products is an all-equity firm with 17900 shares of stock outstanding and total market value of $358.000. Based on its current capital structure the firm is expected to have earnings before interest and taxes of $29.000 if the economy is normat, $16,400 the economy is in a recension and $11.600 economy booms. Ignore taxes, Management is considering issuing $89.800 of debt with an interest rate of 8 percent of the film issues the debt. the proceeds will be used to repurchase stock. What will the earnings per share be if the debt is issued and the economy is in a recension? . Multiple Choice $2.57 O $69 o $.51 $106