Ornaments, Inc., s an all-equity firm with a total market value of $619,000 and 28,400 shares of stock outstanding. Management belleves the earnings before Interest and taxes (EBIT) will be $88,300 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 40 percent. What is the EPS in a recession? O $2.43 $1.12 O $1.87 O $2.61 O$1.31