Repka Corporation is considering two financing alternatives. Under the first alternative, interest expense would be $$10,000$ and there would be $3,000$ common shares outstanding. Under the second alternative, interest costs would be $$5,000$ and there would be $3,250$ common shares outstanding. Repka has EBIT of $$70,000$ and is in the $35\%$ tax bracket.

Reference: Ref $14-1$

What would Repka's EPS be under the second financing alternative?

Group of answer choices

$$20\mathrm{.}00.$

$ $7\mathrm{.}00.$

$$17\mathrm{.}00.$

$$13\mathrm{.}00.$