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It lets you import your EPS files to it and then convert them to SVG format. Apart from AI, you can also convert EPS to a lot more other image formats such as AI, PSD, WEBP, PNG, JPEG, BMP, and more.
For each eps file, create a file with the same name and the "psfrags" extension. In this psfrag file, put the psfrag code you would normally put in your latex document. Furthermore, if the first line ...