Summer Tan, Inc., is an all-equity firm with a total market value of $520,000 and 35,900 shares of stock outstanding. Management believes the earnings before interest and taxes (EBIT) will be $78,300 if the economy is normal. If there is a recession, EBIT will be 10 percent lower, and if there is a boom, EBIT will be 20 percent higher. The tax rate is 40 percent. What is the EPS in a boom? Multiple Choice $1.57 o $1.44 O $1.31 O O $1.05 $1.18