Collingwood Costumes is an all equity firm with 80 million shares outstanding. Collingwood has $75 million in cash and expects future free cash flows or $15 million per year. The cash can be used to expand the firms future operations and increasing the future free cash flows to $16 million per year, if the cost of capital for the expansion is 10% what will be the difference in the firms share price compared to using the cash for share repurchase

A price is 0.81 higher with expansion

B price is 0.12 higher with repurchase

C price is 0.81 higher with repurchase

D price is 0.12 higher with expansion