Universal Company is currently an all equity firm with a total market value of $10,000,000 with 1,200,000 shares of stock outstanding. The firm has expected EBIT of $1,440,000 if the economy is normal and $1,870,000 if the economy booms. The firm is considering a $4,500,000 bond issue with an attached interest rate of 6 percent. The bond proceeds will be used to repurchase shares. Ignore taxes. What will the earnings per share be after the repurchase if the economy is normal? 0 1.73 O 1.75 1.77 O 1.79 1.81