Ornaments, Inc., is an all-equity firm with a total market value of $729,000 and 39,400 shares of stock outstanding, Management believes the earnings before interest and taxes (EBIT) will be $105,300 if the economy is normal. If there is a recession, EBIT will be 30 percent lower, and if there is a boom, EBIT will be 40 percent higher. The tax rate is 35 percent. What is the EPS in a recession? Multiple Choice $1.04 O $122 $2.43 $1.74 $2.26