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Dumble's Doors has 14,600 shares of stock outstanding at a market price of $18 a share. The earnings per share are $2.34. The firm has

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Dumble's Doors has 14,600 shares of stock outstanding at a market price of $18 a share. The earnings per share are $2.34. The firm has total assets of $432,000 and total liabilities of $54,000. Today, the firm is paying a quarterly cash dividend of $.40 a share. What will be the earnings per share after the dividend is paid if the tax rate on dividends is 20 percent? $1.81 $1.94 $2.02 $2.20 $2.34

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