Tesla has a market value equal to its book value. Currently, the firm has excess cash of $1,400 and other assets of $8,500. Equity is worth $6,100. The firm has 1,000 shares of stock outstanding and net income of $970. What will the new earnings per share be if the firm uses its excess cash to complete a stock repurchase?

		$1.46
		$1.41
		$1.36
		$1.31
		$1.26