Swift corporation is planning a bond issue to finance a new project. Swift plans to issue 2000 bonds with a face value of $1000 each and a coupon rate of 10%. The tax rate is 40%. Projected EPS after completion of the project is $5.40. What are the projected after tax earnings after completion of the project if there are 200,000 shares outstanding?

A. 1,080,000

B. 1,110,000

C. 1,120,000

D. None of the above