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Explanation:
Answer:
The EPS will exceed $2.38
Explanation:
Earnings per share represent the funds available to shareholders after all expenses and taxes have been deducted. Restructuring costs are one-off expenses and are classified as other operating expenses in the Income Statement. Including these restructuring and similar charges in the Income Statement leads to reduced Earnings before Tax and eventually lower net profit. Exclusion of these costs will result in increased earnings, consequently raising the company's EPS.