Bob's Standard Station Has 15,000 Shares of Stock Outstanding at a Market

Bob's Standard Station has 15,000 shares of stock outstanding at a market price of $15 a share.The current earnings per share are $1.26.The firm has total assets of $312,000 and total liabilities of $97,500.Next week, the firm will be repurchasing $37,500 worth of stock.Ignore taxes.What will be the earnings per share after the stock repurchase?

A) $1.598
B) $1.547
C) $1.335
D) $1.512
E) $1.563