Phu Lighters has the following assets. Current assets Capital assets $1,750,000 3,000,000 Total assets 54,758,800 00 During 3 months of the year, current assets drop to $400,000. Its operating profit (EBIT) is expected to be $620,000. Its tax rate is 40 percent. Shares are valued at $10 Its capital structure is short term financing at 3 percent and long-term financing of 50 percent equity. 50 percent debt at 6 percent (Round the final answers to 2 decimal places.) a. Calculate expected EPS If the firm is perfectly hedged EPS b. Calculate expected EPS if Phu is a more aggressive with its capital structure and finances all current assets and 20 percent of its capital assets with short-term loans EPS c. Recalculate a and bit short term ratou go to B percent while long-term vates remain the same EPS Perfectly Hedged Capital structure 5