Suppose that Oak Farms makes a decision to partition $($split$)$ its assets into debt and equity. The firm issues $$1750$ of debt at a cost of $7\mathrm{.}70\%,$ and uses these funds to reduce the amount of equity on its books. The partition does not change the EBIT or the tax rate, but does reduce the number of shares outstanding to $1000.$

Compute Oak Farms EPS after the partition.