The Shabaaz Co$.$ currently has $4,000,000$ shares outstanding that are selling for $$24\mathrm{.}25.$ The the firm$$s net income is $$7,500,000,$ so the Earnings per Shares $($EPS$)$ is $$1\mathrm{.}88.$

The firm plans to use $$5,000,000$ in excess cash to repurchase shares at the current market price. If they execute this repurchase, what will be the firm$$s Earnings per Shares $($EPS$)$ after?

Group of answer choices

$$1\mathrm{.}71$

$$1\mathrm{.}85$

$$2\mathrm{.}05$

$$1\mathrm{.}58$

$$1\mathrm{.}98$