Regardless of your answer to question 1, assume PE=7 Price/Earningx/1.06 that the firm has $30 million in funds that it is EPS=1.06 Earnings/Sha 10600000( considering using for the repurchase of shares in the marketplace. The firm is currently trading at a low PE $7.42 per share ratio of 7 times 2015 earnings of $1.06 per share. 4,043,126.68 The shares will be purchased in the open market and 4043127 no premium will be paid over current price (as is sometimes the case). How many shares will be repurchased? (Round the final answer to the nearest 100,000,000 whole number). EPS Earnings/Shares outstan With the number of shares repurchased, what will be Shares Outstanding 95,956,873 the recomputed value for 2015 EPS? (Round to two New EPS $1.10 places to the right of the decimal point)