Question: Question 15 1 pts Here we consider two companies, Phil Co. and Billy Co. Both of these companies are exactly alike except Phil Co. has

Question 15 1 pts Here we consider two companies, Phil Co. and Billy Co. Both of these companies are exactly alike except Phil Co. has outstanding debt of $1,036 and 468 shares of stock outstanding while Billy Co is all equity financed and has 726 shares of stock outstanding. The outstanding debt is a perpetuity with annual coupons at 5.8%. EBIT is $1,532. Assume a tax rate of 30%. What is Billy Cols EPS? [Enter your answer to two decimal places)

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