please put in excel formulas and explain. really need help understanding EPS and the change in EPS%

Fujita, Inc., has no debt outstanding and a total market value of $222,000. Earnings before interest and taxes, EBIT, are projected to be $18,000 if economic conditions are normal. If there is strong expansion in the economy, then EBIT will be 25 percent higher. If there is a recession, then EBIT will be 30 percent lower. The company is considering a $60,000 debt issue with an interest rate of 7 percent. The proceeds will be used to repurchase shares of stock. There are currently 7,400 shares outstanding. Assume the company has a tax rate of 21 percent, a market-to-book ratio of 1.0 , and the stock price remains constant. a. Calculate earnings per share (EPS) under each of the three economic scenarios before any debt is issued. Also calculate the percentage changes in EPS when the economy expands or enters a recession. b. Repeat part (a) assuming that the company goes through with recapitalization. \begin{tabular}{|c|c|c|c|c|c|} \hline 17 & Output Area: & & & & \\ \hline 18 & & & & & \\ \hline 19 & No debt with taxes & & Recession & Normal & Expansion \\ \hline 20 & EBIT & & $12,600 & $18,000 & $22,500 \\ \hline 21 & Taxes & & 2,646 & 3,780 & 4,725 \\ \hline 22 & NI & r & $9,954 & $14,2200 & 17,775 \\ \hline 23 & EPS & & $1.35 & $1.92 & $2.40 \\ \hline 24 & Change EPS % & r & & & \\ \hline 25 & With debt and taxes & & & & \\ \hline 26 & Share price & & $30.00 & & \\ \hline 27 & Shares repurchased & V & 2,000.00 & & \\ \hline 28 & & & Recession & Normal & Expansion \\ \hline 29 & EBIT & & $12,600 & $18,000VV & $22,500 \\ \hline 30 & Interest & V & 4,200 & 4,200 & 4,200 \\ \hline 31 & EBT & & $8,400 & $13,800 & $18,300 \\ \hline 32 & Taxes & & 1,764 & 2,898 & 3,843 \\ \hline 33 & NI & & 6,636 & 10,902 & 14,457 \\ \hline 34 & EPS & & $0.90 & $5.45 & \\ \hline 35 & Change EPS\% & r & & & \\ \hline \end{tabular}