Ornaments, Incorporated, is an all-equity firm with a total market value of $520,000 and 18,500 shares of stock outstanding. Management believes the earnings before interest and toxes (EBIT) will be $73,000 if the cconomy is normat. If there is a recession, EBIT will be 10 percent lower, and if there is a boom, EarT will be 20 percent higher. The tax rate is 21 percent. What is the EPS in a recession? Multiple Choice $1.89 $2.84 $2.60 52.81 5237