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24. A firm has 6,000 common shares outstanding with a total market value of $277,670. Currently, the firm has excess cash of $13,225 and net

24. A firm has 6,000 common shares outstanding with a total market value of $277,670. Currently, the firm has excess cash of $13,225 and net income of $22,565. If the firm uses all of its excess cash to repurchase the common shares, what will be the revised EPS after the stock repurchase is complete?

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