Northern Wood Products is an all-equity firm with 21,500 shares of stock outstanding and a total market value of $367000. Based on its current capital structure, the firm is expected to have earnings before interest and taxes of $33,500 the economy is normal, $20,000 W the economy is in a recession, and $47,000 1 the economy booms. Ignore taxes. Management is considering issuing $92,500 of debt with an interest rate of 9 percent. If the firmosues the debt, the proceeds will be used to repurchase stock. What will the earnings per share be if the debt is sued and the economy is in a recession Multiple Choice $241 $157 O 5 0 S106 $54