Cheer, Inc., wishes to expand its facilities. The company currently has 6.8 million shares outstanding and no debt. The stock sells for $65 per share, but the book value per share is $20. Net income for Cheer is currently $11.5 million. The new facility will cost $30 million and will increase net income by $675,000. The par value of the stock is $1 per share. Assume a constant price-earnings ratio a-1.Calculate the new book value per share. Assume the stock price is constant. (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) a- Calculate the new total earnings (Do not round intermediate calculations and enter 2. your answer in dollars, not millions of dollars, rounded to the nearest whole number, e.g., 1,234,567.) a- Calculate the new EPS. Include the incremental net income in your calculations. (Do 3. not round Intermediate calculations and round your answer to 2 decimal places, e.g. 32.16.) a- Calculate the new stock price Include the incremental net income in your 4. calculations. (Do not round intermediate calculations and round your answer to 2 decimal places, e.g.. 32.16.) a- Calculate the new market-to-book ratio (Do not round intermediate calculations b. What would the new net income for the company have to be for the stock price to w remain unchanged? (Do not round Intermediate calculations and enter your answers in dollars, not millions of dollars, rounded to the nearest whole number, e.g., 1,234,567.) a-1. Book value per share a-2. Total earnings a-3. EPS a-4. Stock price a-5. Market-to-book ratio b. Net Income sysdiag-full-5.0.55.1-...me . O du