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In 2016, Acme Industries had earnings after taxes of $400,000, with 200,000 shares of stock outstanding. On January 1, 2017 the firm issued 75,000 new

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In 2016, Acme Industries had earnings after taxes of $400,000, with 200,000 shares of stock outstanding. On January 1, 2017 the firm issued 75,000 new shares. Because of the proceeds from these new shares, earnings after taxes increased by 40 percent. What is Acme Industries' EPS (earnings per share) for 2016 ? $2.00 $4.00 $2.04 $4.16

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