https://brainly.com/app/ask?entry=top&q=Top+International+Corporation+currently+has+no+debt+cutstanding+and+a+total+market+value+of+RM1%2C800%2C000.+Earnings+before+interest+and+taxes%2C+EBIT%2C+are+projected+to+be+RM400%2C000+if+economic+conditions+are+normal.+If+there+is+strong+expansion+in+the+economy%2C+then+EBIT+will+be+65%25+higher.+If+there+is+a+recession%2C+then+EBIT+will+be+55%25+lower.+Top+is+considering+a+RM540%2C000+debt+issue+with+9.25%25+interest+rate%2C+The+proceeds+will+be+used+to+repurchase+shares+of+stock.+There+are+currently+100%2C000+shares+outstanding.+Assume+the+tax+rate+of+35%25.+Caleulate+EPS+under+each+of+the+three+scenarios+that+the+company+goes+through+the+recapitalization.+Also+calculate+the+%25+changes+in+EPS+when+the+economy+expands+or+enters+a+recessions.
