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Roberts company is planning an equity issue to finance a new project. Commonwealth plans to issue 100,000 shares of stock. Projected after-tax earnings after completion

Roberts company is planning an equity issue to finance a new project. Commonwealth plans to issue 100,000 shares of stock. Projected after-tax earnings after completion of the project are $2,600,000 and shares outstanding will total 200,000. What is the projected EPS after completion of the project?

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