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QUESTION
A firm has a current capital structure consisting of $400,000 of 12 per cent annual interest debt and 50,000 ordinary shares outstanding. The firm's...
A firm has a current capital structure consisting of $400,000 of 12 per cent annual interest debt and 50,000 ordinary shares outstanding. The firm’s tax rate is 40 per cent on ordinary income. If the EBIT is expected to be $200,000, the firm’s earnings per share will be
