Business, 23.03.2021 05:10 lilbrown6369

Ornaments, Inc.,is an all-equity firm with a total market value of $520,000 and 18,500 shares of stock outstanding. Management believes the earnings before interest and taxes (EBIT) will be $73,000 if the economy is normal. If there is a recession, EBIT will be 10 percent lower, and if there is a boom, EBIT will be 20 percent higher. The tax rate is 40 percent. What is the EPS in a recession?

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Ornaments, Inc.,is an all-equity firm with a total market value of $520,000 and 18,500 shares of sto...