Pulp Paper Company and Holt Paper Company are each able to generate EBIT of $66,000. The separate capital structures for Pulp and Holt are presented below. Pulp Holt Debt @ 6% Common stock $600,000 500,000 Debt @ 6% Connon stock $280,000 900,000 Total $1,100,000 Total $1,100,000 Common shares 100,000 Common shares 180,000 a. Compute EPS for both firms (assume a 40 percent tax rate). (Round the final answers to 2 decimal places.) Pulp EPS $ Holt $ b. Assuming a P/E ratio of 21 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 Share price Holt $ c. Assume the P/E ratio would be 16 for the riskier company in terms of heavy debt utilization in the capital structure and 27 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.)