Answer:
Revised EPS = 0.086
Explanation:
Value of product is calculated as
value of product = number of shares × price of one share\
= 6200000 × 18.38
= $113,956,000
number of shares used by EPS
Shares = 6200000 ×0.67 = 4,154,000
shares need to have for financing is given as
[tex]shares = \frac{88600000}{18.38}[/tex]
shares = 48,204,570.19
[tex]Revised EPS = \frac{4154000}{48204570.19}[/tex]
= 0.086