Poke-N-Runs, Inc., doesnt pay any taxes and has $18,500,000 in assets, currently financed entirely with equity. Equity is worth $50 per share, and book value of equity is equal to market value of equity. Also, lets assume that the firms expected values for EBIT depend upon which state of the economy occurs this year, with the possible values of EBIT and their associated probabilities as shown below:

State	Recession	Average	Boom
Probability of state	0.15	0.50	0.35
Expected EBIT in state	$250,000	$600,000	$1,150,000

What is their expected EPS?

N/B Formula:

Expected Earnings = sum of (probability x Expected Earnings)