Northern Wood Products is an all-equity firm with 19,100 shares of stock outstanding and a total market value of $361,000. Based on its current capital structure, the firm is expected to have earnings before interest and taxes of $30,500 if the economy is normal, $17,600 if the economy is in a recession, and $43,400 if the economy booms. Ignore taxes. Management is considering issuing $90,700 of debt with an interest rate of 7 percent. If the firm 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 recession