Pulp Paper Company and Holt Paper Company are each able to generate EBIT of $104,000. The separate capital structures for Pulp and Holt are presented below. Pulp Holt Debt 8% Common stock $700,00 600,000 Debt 8% Common stock $300,000 1,000,000 38 Total $1,300,000 Total $1,300,000 Common shares 120.000 Common shares 200,000 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 23 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 18 for the riskier company in terms of heavy debt utilization in the capital structure and 29 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.)