Ornamenits, incorporated, is an all-equily firm with a total market value of $652,000 and 31,700 shares of stock outstanding Management believes the earnings before interest and taxes (EBIT) wilt be $93,400 if the economy is normal, If there is a recession, EBIT will be 20 percent lower, and if there is a boom, EBIT will be 30 percent higher. The tax rate is 23 percent. What is the EPS in a recession? $181 $212 $2.30 $124 $177