7 American Health Systems has 7,000,000 shares of stock outstanding and will report earnings of $14 million in the current year. The company is considering the issuance of 1,600,000 additional shares, which can only be issued at $20 per share. a. Assume that American Health Systems can earn 5 percent on the proceeds. Calculate earnings per share. (Do not round intermediate calculations and round your answer to 2 decimal places.) 1.66 points 02:16:24 Earnings per share b. Should the new issue be undertaken based on earnings per share? Yes No