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Northern Wood Products is an all-equity rm with 19,100 shares of stock outstanding and a total market value of $361,000. Based on its current capital structure, the rm is expected to have earnings before interest and taxes of $30,500 ifthe economy is normal, $17,600 if the economy is in a recession, and $43,400 if the economy booms. Ignore taxes. Management is considering issuing $90,700 of debt with an interest rate of7 percent. If the rm issues the debt, the proceeds will be used to repurchase stock. What will the earnings per share be if the debt is issued and the economy is in a recession