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Selected operating information from a firm's 20X2 financial statements is cost of goods sold = 100 gross profit margin = 60% EBIT margin= 30% effective tax rate = 20% The firm's capital structure is 150 par value of long-term debt with 10% annual coupons 50 preferred shares outstanding on January 1, with a 6% dividend rate and par value of 3.00 each 100 common shares outstanding on January 1, 20X2, with market price of 5.00 each 25 common shares issued on April 1, 20X2, at 5.40 each 15 common shares repurchased (Treasury shares) on October 1, 20X2, at 5.60 each The firm pays shareholder dividends of 0.20 per common share on May 15, 20X2. Interest expense and preferred dividends are paid when due. If the firm pays a 20% stock dividend (0.2 new shares for each share owned) on November 15, 20X2, what is basic EPS in 20X2? (5 marks)