2015-2019 Financial Statement Data and Stock Price Data for Mydeco Corp. (All data as of fiscal year end; in $ millions) Income Statement Revenue Cost of Goods Sold Gross Profit Sales and Marketing Administration Depreciation & Amortization EBIT Interest Income (Expense) Pretax Income Income Tax Net Income Shares Outstanding (millions) Earnings per Share Balance Sheet Assets Cash Accounts Receivable Inventory Total Current Assets Net Property, Plant & Equipment Goodwill & Intangibles Total Assets Liabilities & Stockholders' Equity 2015 405.1 (183.3) 22138 (67.1) (62.0) (29.0) 63.7 (33.5) 30.2 (7.6) 226 53.3 $0.42 2015 49.8 88.1 356.2 173.1 2421 361.7 776.9 2016 368.7 (172.1) 1966 (67.2) (57.7) (25.7) 46.0 (32.2) 138 (3.5) 10.3 53.3 $0.19 2016 81.3 68.1 29.1 178.5 240.4 361.7 780.6 2017 422 1 (203.4) 2187 (82.4) (59.3) (36.1) 40.9 (31.6) 9.3 (2.3) 7.0 53.3 $0.13 2017 98.8 70.1 26.6 195.5 3121 361.7 869.3 2018 507.8 (251.5) 256.3 (103.9) (65.8) (40.3) 46.3 (36.1) 10.2 (2.6) 7.6 53.3 $0.14 2018 84.5 76.6 31.8 192.9 340.8 361.7 895.4 2019 606.2 (290.7) 3155 (124.2) (80.4) (37.7) 73.2 (38.1) 35.1 (8.8) 26.3 53.3 $0.49 2019 92.4 84.7 371 214.2 344.5 361.7 920.4 See Table 2.5 @ showing financial statement data and stock price data for Mydeco Corp. Suppose Mydeco repurchases 2.3 million shares each year from 2016 to 2019. What would be its earnings per share in 2019? (Assume Mydeco pays for the shares using its available cash and that Mydeco earns no interest on its cash balances.) &) (Select the best choice below.) (O A. Arepurchase does not impact earnings directly, so any change to EPS will come from an increase in shares outstanding. 2019 shares outstanding =53.3 million +4 x 2.3 million = 51 million, EPS = $7.6 million/51 million = $0.15. . Arepurchase does not impact earnings directly, so any change to EPS will come from an increase in shares outstanding. 2019 shares outstanding =53.3 million +4 x 2.3 million =51 million, EPS = $26.3 million/51 million = $0.52. . Arepurchase does not impact earnings directly, so any change to EPS will come from a reduction in shares outstanding. 2019 shares outstanding =53.3 million 4 x 2.3 million = 44.1 million, EPS = $26.3 million/44.1 million = $0.60. . Arepurchase does not impact earnings directly, so any change to EPS will come from a reduction in shares outstanding. 2019 shares outstanding =53.3 million 4 x 2.3 million = 44.1 million, EPS = $7.6 million/44.1 million = $0.17