Southland Industries has $$50,000$ of $8\%($annual interest$)$ bonds outstanding, $1,000$ shares of preferred stock paying

an annual dividend of $$4\mathrm{.}00$ per share, and $3,000$ shares of common stock outstanding. Assuming that the firm has a

$30\%$ tax rate, compute earnings per share $($EPS$)$ for EBIT value of $$27,300.$

Calculate the EPS for EBIT value of $$27,300$ below: $($Round to the nearest dollar except for the EPS which should be

rounded to the nearest cent.$)$

EBIT

$

Less: Interest

Net profits before taxes

Less: Taxes $(30\%)$

Net profit after taxes

Less: Preferred dividends

Earnings available for common stockholders

EPS $(3,000$ shares$)$