Butterfield's is an all-equity firm with 132,000 shares of stock outstanding. The book value per share is $14, and the market value per share is $31. The current net income is $301,000. The firm is considering a new project that will cost $1.4 million and increase net income by $87,000. The current earnings per share is ____ and it will be ____ if the project is accepted.

• $2.24; $2.08

• $2.24; $2.12

• $2.24; $2.21

• $2.28; $2.19

• $2.28; $2.11