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Simones Sweets is an all-equity firm that has 10,600 shares of stock outstanding at a market price of $23 per share. The firm's management has

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Simones Sweets is an all-equity firm that has 10,600 shares of stock outstanding at a market price of $23 per share. The firm's management has decided to issue $108,000 worth of debt at an interest rate of 7 percent. The funds wi be used to repurchase shares of the outstanding stock What are the earnings per share at the break-even EBIT? O $161 O $3.48 O $2.89 O$363 O $3.13

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