XYZ Ltd has the following data:

Units produced and sold 20000

Selling price Rs 40 per unit

Variable cost Rs 30 per unit

Total fixed operating cost Rs 30000

10% term loan Rs 100000

Equity capital (including share premium) Rs 60000

(face value of Rs 10 each and share premium of Rs 5 each)

Tax rate 30%

a) Calculate the EPS

b) If the sales increases by 5%, what will be effect on the EPS

c) If the sales decreases by 1%, what will be the effect on the EPS