Question: Epic, Incorporated's 2 0 2 2 income statement lists the following income and expenses: EBIT = $ 1 , 0 0 0 , 0 0

Epic, Incorporated's 2022 income statement lists the following income and expenses: EBIT = $1,000,000, interest expense = $75,000, and taxes = $277,500. Epic has no preferred stock outstanding and 100,000 shares of common stock outstanding. What are its 2022 earnings per share?
Multiple Choice
$10.00
$7.225
$6.475
$9.25

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