Southern Wind is an all equity firm with 19,700 shares of stock outstanding and a total market value of $359,000. Based on its current capital structure, the firm is expected to have earnings before interest and taxes of $29,500 if the economy is normal, $16.800 if the economy is in a recession, and $42.200 if the economy booms. Ignore taxes Management is considering issuing $90100 of debt with an interest rate of 9 percent If the frm issues the debt, the proceeds will be used to repurchase stock What will the earnings per share be if the debt is issued and the economy booms? Multiple Choice $1.97 $267 $1.45