A company has a market value equal to its book value. Currently, the company has excess cash of $370,000 and other assets of $4,730,000. Equity is worth $2,680,000. The firm has 58,000 shares of stock outstanding and net income of $460,000. What will the new earnings per share be if the company uses its excess cash to complete a stock repurchase? $6.64 $7.28 $7.92 $8.56 $9.20