pleaseee

Incorrect Question 8 0/20 pts Shifty Holdings is currently funded with $3M of long-term debt at an interest rate of 8% p.a. The remainder of the company's capital structure consists of 4M shares valued at $4 each. The company is proposing to issue new equity (at the existing share price) to repay debt of $3M. The Australian company tax rate applies and EBIT is expected to be $111,818. Calculate the EPS of the proposed structure (to FOUR decimal places ignoring the $ sign) 0.0958