CareMore inc provides in-home medical assistance to the elderly and earned net income of $5 million that it plans to use to repurchase shares of the firm's common stock, which is currently selling for $48 a share. CareMore has 30 million shares of stock outstanding.

a) what fraction of the firm's share can the firm repurchase for $5 million?

_____% (Round to two decimal places)

b) If the share repurchase has no impact on the firm's net income, what will be its earnings per share after the repurchase?