Question: please answer Simone's Sweets is an all-equity rm that has 6,400 shares of stock outstanding at a market price of $17 per share. The rm's

please answer Simone's Sweets is an all-equity rm that has 6,400

please answer

Simone's Sweets is an all-equity rm that has 6,400 shares of stock outstanding at a market price of $17 per share. The rm's management has decided to issue $52,000 worth of debt at an interest rate of 9 percent. The funds will be used to repurchase shares of the outstanding stock. What are the earnings per share at the break-even EBIT

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