QUESTION 7 Cheltenham Group has current operating profit of $360,000 before taxes. Interest expense is $24,000, dividends paid on preferred shares were $34,200, and common dividends paid of $45,000. Cheltenham paid taxes of $94,800. The company has 30,000 outstanding common shares. The company's EPS is closest to $5.40 $1.50 $6.90 $3.14