Wadhwani imports is an unlettered firm with a total market value of $240,000 and 8,000 shares of stock outstanding. The firm has expected EBIT of 15,000 if the economy is normal and 27,000 if the economy booms. The firm is considering a bond issue of 63,000 with an attached interest of 7.5 percent. The bond proceeds will be used to repurchase shares. Ignore taxes. What will be the earnings per share after the repurchase if the economy booms?