Sunrise, Inc., has no debt outstanding and a total market value of $245,000. Earnings before interest and taxes (EBIT) are projected to be $19,000 if economic conditions are normal, 25% higher in an expansion period, and 40% lower in a recession. There are currently 5,000 shares outstanding. Assume the stock price is constant under all scenarios and a market-to-book ratio of 1.0.

Ignoring taxes, calculate earnings per share (EPS) and return on equity (ROE) under each of the three economic scenarios as well as the percentage changes in EPS in expansion and recession.