Zeno Inc has 6,000,000 shares of common stock outstanding on December 31, 2018. No shares were issued in 2019. On January 1, 2019, Zeno issued 24,000,$1,000 face value, 8% convertible bonds. Each bond is convertible into 25 shares of common stock. No bonds were converted into common stock in 2019. Net income after taxes is $15,000,000 and the tax rate is 25%. Compute EPS and DEPS. Show all computations for the numerators and the denominators.

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