Question 9 (1 point) Allison's has a market value equal to its book value. Currently, the firm has excess cash of $1,100 and other assets of $12,400. Equity is worth $13,500. The firm has 2,500 shares of stock outstanding and net income of $10,800. What will be the new earnings per share if the firm uses its excess cash to complete a stock repurchase? C A) $4.70 O B) $4.32 C $4.40 C D) $4.50 E) $4.82