Biemker Corporation has $500 million of total assets, it's basic earning power is 15%, and it currently has no debt in its capital structure. The CFO is contemplating a recapitalization where it will issue debt at a cost of 10% and use the proceeds to buy back shares of the company's common stock, paying book value. If the compnay proceeds with the recapitalization, it's operating income, total assets, and tax rate will remain unchanged. Which of the most likely to occur as a result of the recapilization?