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YOLO Ltd has $5.3 million of debt in its current capital structure at an annual interest rate of 6.33% and 7.3 million ordinary shares on

YOLO Ltd has $5.3 million of debt in its current capital structure at an annual interest rate of 6.33% and 7.3 million ordinary shares on issue with a market value of $12.09 million. The firm’s tax rate is 30%.

If EBIT is expected to be $2.23 million calculate the firm’s earnings per share (report your answer to two decimal places)?

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