Shannon Company is an unlevered firm with a total market value of $3,900,000 with 50,000 shares of stock outstanding. The firm has expected EBIT of $220,000 if the economy is normal and $280,000 if the economy booms. The firm is considering a $975,000 bond issue with an attached interest rate of 6 percent. The bond proceeds will be used to repurchase shares. Ignore taxes. What will the earnings per share (EPS) be after the repurchase if the economy booms?