1.) ABC Holdings has EBT of $25 million and an average tax rate of $30%.It has 1 million common shares outstanding. ABC Holdings don't use any preferred stock. What is its Earnings Per Share (EPS) based on this information?

2.) Eastern Corp lists fixed assets of $30 million on its balance sheet, but these were recently appraised at $35 million. They list current assets of $20 million, which were appraised at $21 million. Current liabilities have a book and market value of $15 million while long-term debt has book and market value of $20 million. What is the book and market value of equity for Eastern Corp?