Apex Analytics is an all-equity firm with 50 million shares outstanding. Apex has $30 million in cash, and expects future free cash flows of $8 million per year. The cash can be used to expand the firm's future operations, increasing future free cash flows to $10 million per year. If Apex's cost of capital for the expansion is 8%, what will be the difference in the firm's share price compared to using the cash for a share repurchase?

Select one:

A. Share price is $0.10 higher with expansion.

B. Share price is $0.10 higher with repurchase.

C. Share price is the same with both options.

D. Share price is $0.50 higher with expansion.

E. Share price is $0.50 higher with repurchase.