a$.$ Tebel$$Sdn$.$Bhd$.($TSB$)$expects$$pre$-$recapitalization$$earnings$$after$$tax$$of$$RMI$\mathrm{.}75$million this$$fiscal$$year$.$The$$shares$$of$$the$$company$$are$$now being$$traded$$at$$a$$price$$of$$RM$50$with a$1$million$$number$$of$$share$$outstanding$.$The$$interest$$expense$$is$$RM$200,000.$ Currently,$$the$$firm$$is$$planning a$$recapitalization$$strategy by$$issuing$$a$$debt$$at$$the$$value of RM$10\mathrm{.}0$ million which will give a total of RM$600,000$ of new interest expense. The proceeds$$from$$this$$debt$$issuance$$will$$then$$be$$used$$to$$repurchase$$common$$shares$.$With the$$assumption that$$the$$stock price$$remains unchanged and$$the$$company$\text{'}$s$$tax$$rate$$is$$to be $30\%,$ what would be the firm's earnings per share if it were to proceed with the recapitalization? Should the firm proceed with its plan? $(10$Marks$)$