Andrew & Sarah Inc. has 400 shares of common stock outstanding at a market price per share of $74. Currently, the firm has excess cash of $600, total assets of $38,100, and net income of $1,950. The firm has decided to pay out all of its excess cash as a cash dividend. What will the earnings per share be after this dividend is paid?

A) $2.46 B) $3.38 C) $4.75 D) $5.29 E) $4.88