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Zohar, Inc. is an all-equity firm that has 8,500 shares of stock outstanding at a market price of $26 per share. The firm's management has

Zohar, Inc. is an all-equity firm that has 8,500 shares of stock outstanding at a market price of $26 per share. The firm's management has decided to issue $80,000 worth of debt at an interest rate of 8 percent. The funds will be used to repurchase shares of the outstanding stock. What are the earnings per share at the break even EBIT? Multiple Choice O $3.26 O $2.08 O $2.50 $575 5353

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