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Flyrite Company currently has net income of $3 million and 1.5 million common shares outstanding which sell for $20 per share. Flyrite has decided to

Flyrite Company currently has net income of $3 million and 1.5 million common shares outstanding which sell for $20 per share. Flyrite has decided to issue new stock to raise $4,000,000 to expand its operations. Calculate Flyrites current EPS and PE ratios

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