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A company currently has 100,000 shares outstanding at a price of $50 per share. The company just announced it sold a unit that operated at

A company currently has 100,000 shares outstanding at a price of $50 per share. The company just announced it sold a unit that operated at breakeven (i.e. added nothing to the company's future earnings) for $400,000 and is able to use the entire proceeds to repurchase stock. Investors expect earnings next year of $500,000. If the buyback is completed at $50 per share, what can remaining shareholders expect to earn per share next year after the buyback?

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