Problem 32 Intro Unibloc Inc. currently sells 4.4 million construction set toys per year at a price of $39.95 each. The company has $13.9 million in debt with an average coupon rate of 7% and 15 million shares outstanding, which trade at $56.03. The company's average tax rate is 29%. The company plans to modernize its production process. The new machines will cost $8.3 million and will reduce the variable cost per unit to $29.96, while increasing fixed costs, including depreciation, to $18.4 million. Sales will be unaffected. They company could rais $8.3 million by borrowing at an interest rate of 7% or by selling more shares at the current stock price. Part 1 What would be EPS if the investment is financed with debt? Attempt 1/10 for 10 pts. 2+ decimals Submit