American Health Systems has 6,200,000 shares of stock outstanding and will report earnings of $22 million in the current year. The company is considering the issuance of 1,900,000 additional shares, which can only be issued at $16 per share, a. Assume that American Health Systems can earn 9 percent on the proceeds Calculate earnings per share (Do not round Intermediate calculations and round your answer to 2 decimal places.) Earnings per share b. Should the new issue be undertaken based on earnings per share? Yes No