Page 15 of 35 Question 15 (1 point) Bernard Inc. currently has net earnings of $800,000 and 260,000 shares outstanding. The firm is considering an expansion project. The project is expected to raise Bernard's net earnings by $130,000 per year but would require an equity issue of $680,000 at $21 per share. The underwriter's fee will be 9%. What will be the change in Bernard's earnings per share (EPS) after the new share issuance and the investment in the new project? In other words, what will be the EPS (after) minus EPS (before)? Enter your answer rounded to two decimal places. Your Answer: Answer Page 15 of 35 Next Page