?(Stock repurchases and earnings per share?) CareMore, Inc. provides? in-home medical assistance to the elderly and earned net income of $ 5.2 million that it plans to use to repurchase shares of the? firm's common? stock, which is currently selling for $ 50 a share. CareMore has 15 million shares of stock outstanding.
a. What fraction of the? firm's shares can the firm repurchase for $ 5.2 million? ?% (Round to two decimal? places.)
b. If the share repurchase has no impact on the? firm's net? income, what will be its earnings per share after the? repurchase? $ (Round to four decimal? places.)