Question: Question 18 1 pts Here we consider two companies, Phil Co. and Billy Co. Both of these companies are exactly alike except Phil Co. has

Question 18 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 $2,381 and 440 shares of stock outstanding while Billy Co is all equity financed and has 698 shares of stock outstanding. The outstanding debt is a perpetuity with annual coupons at 7.3%. EBIT is $2,567. Assume a tax rate of 30%. What is Phil Co.'s EPS? [Enter your answer to two decimal places) 1

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