$22.$ A company has $10,000$ equity shares outstanding throughout the year $($there have been no share issuances during the year$).$ During the year, the Company clocked sales of INR $150$ Cr and had an EBITDA margin of $20\%.$ D&A as a $\%$ of Capex was $5\%$ and Capex for the year was INR $20$ Cr$.$ The company also had debt in its balance sheet to the tune of INR $50$ Cr $$ this was issued at an interest rate of $13\%.$ The debt is convertible into equity with a ratio of $1$ equity share for every Rs$.50,000$ of debt. The effective tax rate for the Company is $30\%.$ Calculate the Basic and Diluted Earnings per share. $[$Hint: Factor interest cost in your calculations of diluted EPS$]23.$

In question $22,$ assume that all information stays the same. However, instead of debt of INR $50$ Cr$,$ the Company has issued convertible preference shares of INR $50$ Cr and the dividend on these shares is $8\%.$ Calculate the Basic and Diluted Earnings per Share

$24.$ Compare the Basic and Diluted EPS arrived at in questions $22$ and $23.$ Explain with reasons as to why one of the diluted EPS $($either diluted EPS arrived at in question $22$ or diluted EPS arrived at in question $23)$ should be higher or lower than the other