(please fast!) A firm has a market value equal to its book value. Currently, the firm has excess cash of $500 and other assets of $7,000. Equity is worth $7,500. The firm has 750 shares of stock outstanding and net income of $810. What will the new earnings per share be if the firm uses its excess cash to complete a stock repurchase?

a) $.63

b) $.71

c) $1.08

d) $1.16

e) $1.79