Summer Tan, Incorporated, 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 $21$ percent. What is the EPS in a boom?

Multiple Choice

$$1\mathrm{.}44$

$$2\mathrm{.}07$

$$1\mathrm{.}18$

$$1\mathrm{.}31$

$$1\mathrm{.}05$