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A firm has 6,170 common shares outstanding with a total market value of $287,020. Currently, the firm has excess cash of $13,510 and net income

A firm has 6,170 common shares outstanding with a total market value of $287,020. Currently, the firm has excess cash of $13,510 and net income of $23,430. 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? Options: $3.89 $3.98 $4.08 $4.18 $4.28

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