Calculate the firms earnings per share, Finance Basics

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Calculate the firms earnings per share

Problem

A company has $2.32 million of debt in its current capital structure at an annual interest rate of 7.53% and 6 million ordinary shares on issue with a market value of $9.54 million. The firm's tax rate is 30%. If EBIT is expected to be $6.98 million calculate the firm's earnings per share (report your answer to two decimal places)

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Finance Basics: Calculate the firms earnings per share

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