Arnolds Construction is an all-equity firm with 80,000 shares of stock outstanding. The book value per share is $23, and the market value per share is $50. The current net income is $216,000. The firm is considering a new project that will cost $2.6 million and will increase net income by $120,000. The project will be all-equity financed. The project will be financed with new equity shares. The current earnings per share is ____ and it will be ____ if the project is accepted.