You have gathered the following information for a company:

Income Statement Year Ended June 30, 2022

Net income 12

Dividends 0

Shares outstanding 6

Balance Sheet As of June 30, 2021

Total assets 100

Total shareholders' equity 50

You expect this company to maintain constant return on equity, payout ratio, and mixture of debt and equity in perpetuity. Based on this information, what earnings per share would you expect this company to have during the 2023 fiscal year ending on June 30, 2023?

A. Between $0 and $2

B. Between $2 and $4

C. Between $4 and $8

D. Between $8 and $12

E. More than $12