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It can borrow the $3,300,000 and pay 10 percent interest on this loan. After the repurchase, its financial structure will consist of 70,000 shares of common selling at $110 and $3,300,000 in debt at 10 percent interest. ZYX has an EBIT of $2,000,000. Assume a 40 percent tax rate. Determine the earnings per share for the original all equity plan and the new financing plan. ................
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