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Summer Tan, Incorporated, is an all - equity firm with a total market value of $ 5 6 4 , 0 0 0 and 3

Summer Tan, Incorporated, is an all-equity firm with a total market value of $564,000 and 38,300 shares of stock outstanding. Management believes the earnings before interest and taxes (EBIT) will be $81,900 if the economy is normal. If there is a recession, EBIT will be 30 percent lower, and if there is a boom, EBIT will be 40 percent higher. The tax rate is 34 percent. What is the EPS in a boom?
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$.85
$1.83
$1.41
$1.98
$.99

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