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Question 1 (1 point) A company has no debt outstanding and a total market value of $182,000. Earnings before interest and taxes, EBIT, is projected

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Question 1 (1 point) A company has no debt outstanding and a total market value of $182,000. Earnings before interest and taxes, EBIT, is projected to be $27,000 if economic conditions are normal. If there is a good surprise, then EBIT will be 25 percent higher. If there is a bad surprise, then EBIT will be 38 percent lower. There are currently 7,300 shares outstanding. Assume the market-to-book ratio is 1.0, the total market value remains constant, and there are no taxes for this problem. What will earnings per share, EPS, be if there is a bad surprise? Enter your answer in the box shown below as dollars with 2 digits to the right of the decimal point. Your

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