Summer Tan, Incorporated, is an all-equity firm with a total market value of $531,000 and 36,500 shares of stock outstanding. Management believes the earnings before interest and taxes (EBIT) will be $79,200 if the economy is normal. If there is a recession, EBIT will be 15 percent lower, and if there is a boom, EBIT will be 25 percent higher. The tax rate is 21 percent. What is the EPS in a boom?

$1.22

$1.65

$2.14

$1.43

$1.07