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TAM Ltd has no debt and 400,000 shares outstanding. The current share price is $40. TAM Ltd pays 30% tax. If TAM's expected EBIT is

TAM Ltd has no debt and 400,000 shares outstanding. The current share price is $40. TAM Ltd pays 30% tax. If TAM's expected EBIT is $2,000,000, what is the expected earnings per share (EPS)?

$5.0

$4.5

$3.5

$4.0

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