Summer Tan, Inc., is an all-equity firm with a total market value of $597,000 and 40,100 shares of stock outstanding. Management believes the earnings before interest and taxes (EBIT) will be $84,600 if the economy is normal. If there is a recession, EBIT will be 20 percent lower, and if there is a boom, EBIT will be 30 percent higher. The tax rate is 34 percent. What is the EPS in a boom? Multiple Choice $.97 $1.81 $1.67 $1.11