14. Webster United is paying a $1.10 per share dividend today. There are 350,000 shares outstanding with a market price of $25 per share. Ignore taxes. Before the dividend, the company had earnings per share of $1.74. As a result of this dividend, the: A. Retained earnings will decrease by $350,000. B. Retained earnings will increase by $385,000. C. Total firm value will not change. D. Earnings per share will increase to $2.84. E. Price-earnings ratio will be 13.74