An all-equity firm has a market value of equity of $6,000 and cash of $1,000. The firm currently has 500 shares of stock outstanding. The firm is about to report annual earnings (net income) of $900 to it shareholders. Suppose that, prior to reporting its earnings to shareholders, the firm has decided to repurchase $600 worth of its stock. Assume that the shares will be repurchased at the current market price. What will the new earnings per share (EPS) be if the firm completes this stock repurchase? Assume perfect capital markets and no personal taxes. o $1.20 o $1.50 o $1.80 o $2.00 o $2.40