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(3) Zara Industries has net income of $4,200,000, and it has 1,255,000 shares of common stock outstanding. Zara is considering a plan in which it
(3) Zara Industries has net income of $4,200,000, and it has 1,255,000 shares of common stock outstanding. Zara is considering a plan in which it will use available cash to repurchase 12% of its shares in the open market at the current $86.24 stock price. The repurchase is expected to have no effect on net income or the company's P/E ratio. Based on Zara's information, provide the following information: Number of Shares Repurchased: Shares (No Commas "," round to a whole number-No Decimal) 2 pts What is the Repurchase price: $ (round to the second decimal place) 2 pts Current EPS: $ (round to the second decimal place) 2 pts New EPS: (round to the second decimal place) 2 pts New Stock Price: $ (round to the second decimal place) 2 pts
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