Marc's Ferrari Driving Company (MFDC) has been unexpectedly successful, selected financial information about the current status of the form is provided in the table below, use this information to answer this question, and the next two questions

Marc's Ferrari Driving Company (MFDC) has been unexpectedly successful, selected financial information about the current status of the form is provided in the table below, use this information to answer this question, and the next two questions. MFDC recently sold bonds at a price resulting in a YTM of 8.5%, additional debt could be raised at the same cost. The corporate tax rate is 21%. Assume that the firm is not growing or investing in assets, expects working capital to remain steady, and that the net income is paid out as dividends. MFDC is considering raising funds to expand into a new line of business, this expansion will require $51,000 of new funds. The funds will either be raised entirely through new debt or entirely through the sale of equity. Current Scenario Outstanding $760,000.00 Debt Share Price $24.51 Shares 310,000 Outstanding Current EBIT $145,000 What are the earnings per share in the current scenario? (answer in dollars, rounded to the nearest penny, for example, if your answer is $123,456 you should enter 123.46)