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Southern Wind is an all-equity firm with 18,100 shares of stock outstanding and a total market value of $355,000. Based on its current capital structure,

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Southern Wind is an all-equity firm with 18,100 shares of stock outstanding and a total market value of $355,000. Based on its current capital structure, the firm is expected to have earnings before interest and taxes of $27,500 if the economy is normal, $15,200 if the economy is in a recession, and $39.800 if the economy booms. Ignore taxes. Management is considering issuing $88,900 of debt with an Interest rate of 9 percent. the firm issues the debt the proceeds will be used to repurchase stock. What will the earnings per share bei the debt is issued and the economy booms

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