This contributes approximately $0.14 and the lower tax rate is sustainable going forward. More to follow on this at Investor Day. We are also reducing our depreciation and amortization projections by $5 million to $10 million compared to our prior outlook, and we now anticipate full-year interest expense of $320 million to $325 million, an improvement of $25 million reflecting strong execution in quickly deploying the Worldpay proceeds to maximize returns. Lastly, we have raised our 11-month Worldpay EMI contribution by $15 million to $20 million, mostly reflecting their strong start to the year. As a result, we are raising our full-year EPS outlook to a range of $4.88 to $4.98, growing more than 45% on a continuing operations basis. On a normalized basis, we now expect adjusted EPS to grow 10% to 12%, including a high single-digit negative impact from the synergies.
Let’s now move to our second quarter outlook on Slide 11. We are forecasting another quarter of accelerating revenue growth, margin expansion, and strong earnings growth. We are projecting adjusted revenue growth of 3% to 4% with Banking Solutions at 2% to 2.5% and Capital Markets at 7% to 8%. We expect banking revenue growth to accelerate over the course of the year, reflecting easier year-over-year revenue comparisons and the favorable impact from stronger new sales over the second half of 2023. We expect steady capital markets adjusted revenue growth over the remainder of the year in line with our second quarter outlook. We are projecting adjusted EBITDA of $980 million to $995 million, which translates to year-over-year margin expansion of 80 basis points to 100 basis points.
Continuing operations adjusted EPS is projected to increase 59% to 64% to $1.21 to $1.25. In summary, we expect the favorable first quarter trends to continue into the second quarter and we are confident in our full-year outlook. Let me now wrap up on Slide 12. In closing, we are very encouraged by our first quarter results, delivering our fifth straight quarter of outperformance. We are raising our full-year EPS outlook by $0.22, an increase of 4.5%, and we are reaffirming our revenue and adjusted EBITDA targets. We are confident in our full-year outlook and are well on track to deliver accelerating revenue growth and expanding margins in 2024. Lastly, we returned over $1.6 billion of capital to our shareholders in the quarter and increased our 2024 share repurchase target by $500 million to $4 billion.
With that, we will be concluding today’s call and we look forward to speaking with you and taking your questions at tomorrow’s Investor Day. Have a good evening.
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Operator: This concludes today’s conference call. Thank you for participating. You may now disconnect.
