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Pizza Palace, a restaurant chain, is considering repurchasing shares. They plan to allocate $ 4 2 , 0 0 0 for the buyback. Current earnings

Pizza Palace, a restaurant chain, is considering repurchasing shares. They plan to allocate

42, 000

for the buyback. Current earnings are $

3.66

per share, and the stock price is $

93 .

There are

5, 000

shares outstanding. Disregarding taxes, what will be Pizza Palace's EPS after

the repurchase?

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