The market value of Scorpion Corporation equals 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 a 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? a. $4.82 b. $4.70 c. $4.50 Anxin Fashion is considering two mutually exclusive projects. The required rate of return is 13.9 percent for Project A and 12.5 percent for Project B. Project A has an initial cost of $54,500 and should produce cash inflows of $16,400, $28,900, and $31,700 for Years 1 to 3, respectively. Project B has an initial cost of $69,400 and should produce cash inflows of $0, $48,300, and $42,100, for Years 1 to 3, respectively. Which project should be accepted based on the NPV rule? a. neither project A nor project B b. project B c. project A