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Dharma Initative is an all-equity firm wath a total market value of $78,000 and 38,300...

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Dharma Initative is an all-equity firm wath a total market value of $78,000 and 38,300 shares of stock outstanding. Management believes the earnings before interest and taxes (EBIT) will be $103,600 if the economy is normal if there is a recession, EBIT will be 25 percent lower, and if there is a boom, EBIT will be 35 percent higher. The tax rate is 21 percent What is the EPS in a recession? Multiplectice 32.03 420 $160 $162

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