Use the following information to answer the questions. Alex, Inc. is financed 100% with equity. The firm has 100,000 shares of stock outstanding with a market price of $5 per share. Total earnings for the most recent year are $50,000. The firm has $25,000 excess cash. It is considering using this excess cash to pay it out as dividend or use it to repurchase $25,000 of its own stock. The firm has other assets worth $475,000 (at market value). For each of the questions that follow, assume no transaction costs, and no taxes except for question 22 and 23 Assume the firm uses the $25,000 excess cash to buy back its stock at $5 per share. What will be the market price per share of Alex's stock after the repurchase? OA) $4.50 OB) $4.75 C) $5.00 D) $5.25