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A local Shreveport firm has a current market value of equity of $2,465,000. Currently, the firm has excess cash of $98,600, total assets of $6,409,000,

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A local Shreveport firm has a current market value of equity of $2,465,000. Currently, the firm has excess cash of $98,600, total assets of $6,409,000, net income of $961,350, the firm has no outstanding debt, and 35,800 shares of stock outstanding. the firm is going to use all of its excess cash to repurchase shares of stock. What will the stock price per share be after the stock repurchase is completed? Select one: a. $72.30 b. $58.53 c. $61.97 d. $68.85 e. $65.41

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