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$\quad$$\quad$$\quad$$\quad$$\quad$$\quad$$\quad$$\quad$$\quad$$\quad$$\quad$$\quad$$\quad$$\quad$ Nile Holdings
$\quad$$\quad$$\quad$$\quad$$\quad$$\quad$$\quad$$\quad$$\quad$$\quad$ Selected financial information as of Dec. 31,2014
$\begin{array}{lr}\hline \text { Last year's EBIT (2014) } & \$ 175.0 \text { million } \\\text { Expected EBIT (2015) } & \$ 189.8 \text { million } \\\text { Current portion of existing long-term debt, due } 2015 & \$ 34 \text { million } \\\text { Interest due in } 2015 \text { on existing debt } & \$ 36 \text { million } \\\text { Taxrate } & 35 \% \\\text { Common stock price per share } & \$ 50.00 \\\text { Common shares outstanding } & 20 \text { million } \\\text { Dividends per share } & \$ 2.00 \\\hline\end{array}$

-Please refer to the financial information for Nile Holdings above.Nile must decide how to finance a $100 million investment.Calculate next year's earnings per share assuming Nile raises $100 million of new debt.