Question: Carolco Ltd. considers the following capital structure. (Plan A)Plan A: regular, normal shares 2,225,000 outstanding and Debt of 13,500,000.Interest on the amount of Debt is

Carolco Ltd. considers the following capital structure. (Plan A)Plan A: regular, normal shares 2,225,000 outstanding and Debt of 13,500,000.Interest on the amount of Debt is 8.25%.Corporate tax rate is 20%.EBIT amounts to 10,500,000 annually.Calculate, based on Plan A, the earnings per share.(Round your answer to 2 decimal places.)

3.37
4.22
3.78
4.72

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