Use the following information to answer the question(s) below. Nielson Motors is currently an all-equity financed firm. It expects to generate EBIT of $20 million over the next year. Currently Nielson has 8 million shares outstanding and its stock is trading at $29 per share. Nielson is considering changing its capital structure by borrowing $52 million at an interest rate of 8% and using the proceeds to repurchase shares. Assume perfect capital markets. Nielson's EPS if they change their capital structure is closest to (\$) (2 decimal places)