Hyundai Heavy Industries builds ocean going vessels for international cargo shipping lines. It has the following financi

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answerhappygod
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Hyundai Heavy Industries builds ocean going vessels for international cargo shipping lines. It has the following financi

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Hyundai Heavy Industries builds ocean going vessels forinternational cargo shipping lines. It has the following financialdata:
EBIT = $10,000,000
Tax rate = 40%
Debt outstanding = $ 4,000,000
kd = 12%
ke = 16%
No. of shares outstanding = 1,000,000
Book value per share = $ 20
The shipbuilding market has been flat for quite some time andHyundai expects no growth in the shipbuilding sector. All ofits earnings are paid out as dividends. Its debt consists ofperpetual bonds.
What are Hyundai’s earnings per share (EPS)?
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