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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 $

3.88

per share, and the

stock price is $

83 .

There are

5, 000

shares outstanding. Disregarding taxes, what

will be Pizza Palace's EPS after the repurchase?

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