Mullins Corporation has sales revenue of $60,000,000. The company’s fixed costs total $16,000,000 and its variable costs are 36% of sales, while its interest expense is $5,000,000. If the company increases its sales by 20%, how much will it increase its Earnings Per Share?

a) 44.14%

b) 25.75%

c) 34.29%

d) 39.03%

e) 28.92%