Taylor Farms Incorporated has the following assets:

During $4$ months of the year, current assets drop to $$1,100,000($total assets will then be $$8,700,000).$ Its operating profit $($EBIT$)$ is

expected to be $$488,500.$ Its tax rate is $20$ percent. Shares are valued at $$20.$ Its capital structure is short$-$term financing at $3$ percent

and long$-$term financing of $40$ percent equity, $60$ percent debt at $5$ percent.

a$.$ Calculate expected EPS if the firm is perfectly hedged. $($Do not round intermediate calculations and round your final answer to $2$

decimal places.$)$ Please use your Excel submission to show all your detailed calculations that support this answer.

EPS $Taylor Farms Incorporated has the following assets:

Current assets $$2,620,000$

Capital assets $7,600,000$

Total assets $$10,220,000$

During $4$ months of the year, current assets drop to $$1,100,000($total assets will then be $$8,700,000).$ Its operating profit $($EBIT$)$ is expected to be $$488,500.$ Its tax rate is $20$ percent. Shares are valued at $$20.$ Its capital structure is short$$term financing at $3$ percent and long$$term financing of $40$ percent equity, $60$ percent debt at $5$ percent.

a$.$ Calculate expected EPS if the firm is perfectly hedged. $($Do not round intermediate calculations and round your final answer to $2$ decimal places.$)$ Please use your Excel submission to show all your detailed calculations that support this answer.

EPS $$/$