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    What is EPS for shares outstanding

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    A firm has 1.5 million shares outstanding. EBIT is $5 million and interest paid is $2 million. If the corporate tax rate is 35%, what is earnings per share?
    a. $0.50
    b. $0.95
    c. $1.30
    d. $1.70
    e. $2.50.

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    Solution Summary

    This solution explains how to determine earnings per share when the corporate tax rate is 35%.