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The CFO of Berger, Inc. is reviewing different capital structures for the firm. Currently the company is 100% financed with Equity, with 60,000 shares of

The CFO of Berger, Inc. is reviewing different capital structures for the firm. Currently the company is 100% financed with Equity, with 60,000 shares of stock outstanding. Plan A calls for the company to take on $509,600 of debt; under this plan the company would have 50,900 shares of stock outstanding. Plan B would have 52,800 shares of stock outstanding, along with $403,200 in debt. The interest rate is 6%. Assume no taxes. If EBIT is $240,000, what is the EPS for Plan A? Express your answer rounded to dollars and cents.

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