Cross town cookies is an all-equity firm with a total market value of $4,187,100. the firm has 127,500 shares of stock outstanding. management is considering issuing $300,000 of debt at an interest rate of 6 percent and using the proceeds to repurchase shares. the projected earnings before interest and taxes are $215,600. what are the anticipated earnings per share if the debt is issued? ignore taxes. (round the number of shares repurchased down to the nearest whole share.)
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