please answer a and b

(Stock ropurchases and earnings per share) CateMore, thc, provides in-home medical assistance to the eldecty and earned not income of $5 milion that it plans to uso to repurchase shaces of the farm's common stock, which is currently selling for $50 a share. Care More has 20 million shares of stock outstanding a. What fraction of the firm's shares can the firm repurchase for 55 milion? b. If the share fepurchase has no impact on the firm's net income, ahat will be its eamings per share ather the repurchase? a. What fraction of the firm's shares can the fem tepurchase for $5 milion? (Round to two decimal places.)