King Lyon has the following assets: Current assets Capital assets $3,340,000 8,200,000 Total assets $11,540,000 During 4

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King Lyon Has The Following Assets Current Assets Capital Assets 3 340 000 8 200 000 Total Assets 11 540 000 During 4 1 (74.36 KiB) Viewed 195 times

King Lyon has the following assets: Current assets Capital assets $3,340,000 8,200,000 Total assets $11,540,000 During 4 months of the year, current assets drop to $1,700,000 (total assets will then be $9,900,000). Its operating profit (EBIT) is expected to be $500,500. Its tax rate is 20 percent. Shares are valued at $15. Its capital structure is short-term financing at 3 percent and long-term financing of 40 percent equity, 60 percent debt at 4 percent. a. Calculate expected EPS if the firm is perfectly hedged. (Do not round intermediate calculations and round your final answer to 2 decimal places.) EPS $