has a market value equal to its book value, excess cash of $400, other assets of $7,600, equity of $8,000, 200 shares of stock outstanding, and net income of $900. The firm has decided to pay out all of its excess cash as a cash dividend. What will the earnings per share be after the dividend is paid? Select one: a. $4.68 b. $4.74 c. $4.59 d. $4.80 e. $4.50