The last option is: 1.73

Simone's Sweets is an all-equity firm that has 10,300 shares of stock outstanding at a market price of $24 per share. The firm's management has decided to issue $104,000 worth of debt at an interest rate of 6 percent. The funds will be used to repurchase shares of the outstanding stock. What are the earnings per share at the break-even EBIT? Multiple Choice $2.69 $3.42 O O $2.49 O $1.44