Problem 6-21 King Lyon has the following assets: Current assets Capital assets $3,400,000 8,250,000 Total assets $11,650, eee During 4 months of the year, current assets drop to $1,750,000 (total assets will then be $10,000,000). Its operating profit (EBIT) is expected to be $501,500. Its tax rate is 30 percent. Shares are valued at $20. Its capital structure is short-term financing at 4 percent and long-term financing of 40 percent equity, 60 percent debt at 5 percent. a. Calculate expected EPS If the firm is perfectly hedged (Do not found intermediate calculations and round your final answer to 2 decimal places.) EPS $ 0.53