I only need the answers for d and e.

Tyson Iron Works is about to go public. It currently has aftertax earnings of $4,400,000, and 4,200,000 shares are owned by the present stockholders. The new public issue will represent 500,000 new shares. The new shares will be priced to the public at $25 per share with a 3 percent spread on the offering price. There will also be $280,000 in out-of-pocket costs to the corporation.

a. Compute the net proceeds to Tyson Iron Works. Note: Do not round intermediate calculations and round your answer to the nearest whole dollar.

Net proceeds: $11,845,000

b. Compute the earnings per share immediately before the stock issue. Note: Do not round intermediate calculations and round your answer to 2 decimal places.

Earnings per share: $1.05

c. Compute the earnings per share immediately after the stock issue. Note: Do not round intermediate calculations and round your answer to 2 decimal places.

Earnings per share: $0.94

d. Determine what rate of return must be earned on the net proceeds to the corporation so there will not be a dilution in earnings per share during the year of going public. Note: Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places.

Rate of return: _____________

e. Determine what rate of return must be earned on the proceeds to the corporation so there will be a 10 percent increase in earnings per share during the year of going public. Note: Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places.

Rate of return:_____________