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Camden Corporation has a market value equal to its book value. Currently, the firm has excess cash of $15,000 and other assets of $102,000. Equity

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Camden Corporation has a market value equal to its book value. Currently, the firm has excess cash of $15,000 and other assets of $102,000. Equity is worth $84,000. The firm has 2,100 shares of stock outstanding and net income of $12,600. What will the new earnings per share be if the firm uses its excess cash to complete a stock repurchase? $7.63 $7.19 $7.41 $7.30 $7.52

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