A company has 1 million shares outstanding and earnings of $2 million. The company decides to use $10 million of unused cash to buy back shares on the open market. to buy back shares on the open market. The company's stock is trading at $50 per share. If the firm uses all of the $10 million of idle cash to buy back shares on the open market, the firm's shares trade at $50 per share. to buy back shares at market price, the company's earnings per share will be the highest share of the firm will be closest to :

B. $2.30. C. $2.50. A. $2.00.