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Rutgers Inc. has a market capitalization of $3,750 and excess cash of $1,200. The firm has 250 shares of stock outstanding and net income of

Rutgers Inc. has a market capitalization of $3,750 and excess cash of $1,200. The firm has 250 shares of stock outstanding and net income of $400. What will the new EPS be if the firm uses 25% of its excess cash to complete a stock repurchase

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