Julie Johnson has collected the following data about the firm:

EBITDA $=$ $$3\mathrm{.}5$ million

Tax rate $=38\%$

Debt outstanding $=$ $$2\mathrm{.}5$ million

Cost of debt $=10\mathrm{.}5\%$

Cost of common equity $=14\%$

Shares of stock outstanding $=800,000$

BV of the stock per share $=$ $$12$

The firm$$s product market is considered stable, and the firm expects no growth, and all earnings are paid out as dividends. Calculate the firm$$s earning per share, assuming depreciation & amortization costs of $$500,000$ per year.

A$.1\mathrm{.}10$

B$.2,12$

C$.1\mathrm{.}70$

D$.4\mathrm{.}16$

E$.5\mathrm{.}10$