Collingwood Costumes Is an All-Equity Firm with 80 Million Shares

Collingwood Costumes is an all-equity firm with 80 million shares outstanding.Collingwood has $75 million in cash,and expects future free cash flows of $15 million per year.The cash can be used to expand the firm's future operations,increasing future free cash flows to $16 million per year.If Collingwood's cost of capital for the expansion is 10%,what will be the difference in the firm's share price compared to using the cash for a share repurchase?

A) Share price is $0.12 higher with expansion.
B) Share price is $0.12 higher with repurchase.
C) Share price is the same with both options.
D) Share price is $0.81 higher with expansion.
E) Share price is $0.81 higher with repurchase.