Ornaments, Inc., is an all-equity firm with a total market value of $707,000 and 37,200 shares of stock outstanding. Management believes the earnings before interest and taxes (EBIT) will be $101,900 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 35 percent. What is the EPS in a recession?