Please follow the rounding instructions (in red) exactly, or the answer won't be correct.

Question1 5.5 pts Walker, Inc., has no debt outstanding and a total market value of $180,000. Earnings before interest and taxes, EBIT, are projected to be $22,000 if economic conditions are normal, If there is an expansion in the economy, then EBIT will be $28,000.If there is a recession, then EBIT will be $14,000, Walker is considering a $66,000 debt issue with a 5% interest rate. The proceeds will be used to repurchase shares of stock (this is known as recapitalization) 3.000 shares outstanding. Walker has a market-to-book ratio of 1.0. There are currently Topic: Capital Structure and the Effect of Leverage on Earnings a. What is the current price per share for the firm's outstanding equity? (Round answer t o o decimal places) b. Calculate earnings per share (EPS) under normal economic conditions before the firm issues any debt. Assume no taxes. (Round answers to 2 decimal places. Do not round intermediate calculations) c. Calculate earnings per share (EPS) under the economic expansion before the firm issues any debt. Assume no taxes. (Round answers to 2 decimal places. Do not round intermediate calculations) d. Calculate earnings per share (EPS) under the economic recession before the firm issues any debt. Assume no taxes. (Round answers to 2 decimal places. Do not round intermediate calculations)