As the chief financial officer of Adirondack Designs, you have the following information:

Next years expected net income after tax but before new financing	$ 44	million
Sinking-fund payments due next year on the existing debt	$ 19	million
Interest due next year on the existing debt	$ 14	million
Common stock price, per share	$ 30.0
Common shares outstanding	24	million
Company tax rate	40%

Calculate Adirondacks times-interest-earned ratio for next year assuming the firm raises $54 million of new debt at an interest rate of 3 percent.

Calculate Adirondacks times-burden-covered ratio for next year assuming annual sinking-fund payments on the new debt will equal $6.5 million.

Calculate next years earnings per share assuming Adirondack raises the $54 million of new debt.

Calculate next years times-interest-earned ratio, times-burden-covered ratio, and earnings per share if Adirondack sells 1.9 million new shares at $29 a share instead of raising new debt.