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American Health Systems has 5,500,000 shares of stock outstanding and will report earnings of $16 million in the current year. The company is considering the

American Health Systems has 5,500,000 shares of stock outstanding and will report earnings of $16 million in the current year. The company is considering the issuance of 1,800,000 additional shares, which can only be issued at $22 per share. a. Assume that American Health Systems can earn 8 percent on the proceeds. Calculate earnings per share. (Do not round intermediate calculations and round your answer to 2 decimal places.) Earnings per share

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