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The Shabaaz Co. currently has 4,000,000 shares outstanding that are selling for $24,25. The the firm's net income is $6,500,000,50 the Earnings per Shares (EPS)

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The Shabaaz Co. currently has 4,000,000 shares outstanding that are selling for $24,25. The the firm's net income is $6,500,000,50 the Earnings per Shares (EPS) is $1.63. The firm plans to use $5,000,000 in excess cash to repurchase shares at the current market price. If they execute this repurchase, what will be the firm's Earnings per Shares (EPS) after? $1.71$1.58$1.98$1.45$1.85

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