A Firm Has a Market Value Equal to Its Book

A firm has a market value equal to its book value.Currently,the firm has excess cash of £400 and other assets of £7,600.Equity is worth £8,000.The firm has 200 shares outstanding and net income of £900.The firm has decided to pay out all of its excess cash as a cash dividend.What will the earnings per share be after the dividend is paid?

A) £0.25
B) £0.45
C) £2.50
D) £3.80
E) £4.50