Pulp Paper Company and Holt Paper Company are each able to generate EBIT of $270,000. The separate capital structures for Pulp and Holt are presented below. Pulp Holt Debt 99 Common stock $1,550,000 1,450,000 Dabt 98 Common stock $1,150,000 1,850,000 Total $3,000,000 Total $3,000,000 Comerton shares 290,000 Common shares 370,000 a. Compute EPS for both firms (assume a 40 percent tax rate). (Round the final answers to 2 decimal places.) Pulp S Holt EPS $ b. Assuming a P/E ratio of 40 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 $ S c. Assume the P/E ratio would be 37 for the riskier company in terms of heavy debt utilization in the capital structure and 48 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