IronWood Boats has 3.24 million shares outstanding, a market price of $62.83 per share, and net income of $8,549,906. Management plans to repurchase 190,000 shares in the near future. Once the buyback has been completed, the EPS for IronWood will be closest to:

A.

$2.49.

B.

$2.64.

C.

$2.80.