Pulp Paper Company and Holt Paper Company are each able to generate EBIT of $234,000. The separate capital structures for Pulp and Holt are presented below. Pulp Holt Debt 13% Common stock $950,000 850,000 Debt 11 Common stock $550,000 1,250,000 Total $1,800,000 Total $1,800,000 Common shares 170,000 Common shares 250,000 a. Compute EPS for both firms (assume a 40 percent tax rate). (Round the final answers to 2 decimal places.) Pulp $ Holt $ EPS b. Assuming a P/E ratio of 28 for each firm, what would be each firm's share price? (Do not round intermediate calculations. Round the final answers to 2 decimal places.) Pulp $ Holt $ Share price C. Assume the P/E ratio would be 23 for the riskier company in terms of heavy debt utilization in the capital structure and 34 for the less risky firm. What would the share price now be for each firm? (Do not round intermediate calculations. Round the final answers to 2 decimal places.) b. Assuming a Ple ratio of 28 for each firm, what would be each firm's share price? (Do not round intermediate calculations. Round the final answers to 2 decimal places.) Pulp Holt Share price c. Assume the P/E ratio would be 23 for the riskier company in terms of heavy debt utilization in the capital structure and 34 for the less risky firm. What would the share price now be for each firm? (Do not round intermediate calculations. Round the final answers to 2 decimal places.) Pulp $ Holt Share price $ d. Not available in Connect