The Rivermill Inc has no debt outstanding and its financial position is given by the following data. Assets (Market Value = Book value) = $3,000,000 EBIT = = $500,000 Cost of equity rs = 10% Stock Price Po = $15 Shares outstanding, no =200,000 Tax rate, T (federal-plus-state) =40% The firm is considering selling bonds and simultaneously repurchasing some of its stocks. If it moves to a capital structure with 30% debt based on market values, its cost of equity rs, will increase to 11% to reflect the increased risk. Bonds can be sold at a cost rd of 7%. Rivermill is a no growth firm. Hence all its earnings are paid out as dividends. Earnings are expected to be constant over time. What is the firm's earnings per share after recapitalization