Kinston Inc. is an all$-$equity company, and it has a market value equal to its book value. Currently, the firm has excess cash of $$800$ and other assets of $$4,200.$ Equity is worth $$5,000$ and the firm has $200$ shares of stock outstanding. Given a net income of $$350,$ what will the new EPS be if the firm uses all its excess cash to complete a stock repurchase at the market price?

$$2\mathrm{.}00$

$$2\mathrm{.}08$

$$1\mathrm{.}96$

$$1\mathrm{.}51$

$$1\mathrm{.}75$