Suppose Apple has decided to issue debt financing and use the proceeds to purchase some of its shares of stock from the open market. What fraction of the firms 2.47 billion shares does the firm need to repurchase in order to make its interest-bearing debt ratio equal to that of Hewlett-Packard? If Apple had carried out the transaction by issuing bonds with an 8 percent rate of interest, what would its earnings per share have been in 2007?