Confusing thing in this question

CFA Level II
#1

Current year earnings per share $3.60 Expected restructuring charge next year as a % of EPS 2% Expected EPS growth next year vs. S&P 500 1.15× Most recent year annual dividend $1.01 Current share price $57.00 S&P 500 expected EPS growth rate 8%

Q. Following Gast’s recommended approach, the forward P/E multiple that Hughes calculates for Western Plains Rail is closest to:

  1. 14.2×.
  2. 15.5×.
  3. 14.5×.

Why is restructuring charge added to EPS and not subtracted

#2

Because its a one time charge and not a recurring one.

#3

“normalized earnings”