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PLEASE SHOW CALCULATIONS. A firm is expected to generate $1.5 million in operating income and pay $250,000 in interest. Ignoring taxes, this will generate $12.50

PLEASE SHOW CALCULATIONS.

A firm is expected to generate $1.5 million in operating income and pay $250,000 in interest. Ignoring taxes, this will generate $12.50 earnings per share. What will happen to EPS if operating income increases to $3.0 million?

A. EPS will increase by $17.5

B. EPS will increase by $20

C. EPS will increase by $15

D. EPS will increase by $16.5

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