Jordan Broadcasting Company is going public at $$50$ net per share to the company. There also are founding stockholders that are selling part of their shares at the same price. Prior to the offering, the firm had $$26$ million in earnings divided over $11$ million shares. The public offering will be for $5$ million shares; $3$ million will be new corporate shares and $2$ million will be shares currently owned by the founding stockholders.

What is the immediate dilution based on the new corporate shares that are being offered?

If the stock has a P$/$E of $30$ immediately after the offering, what will the stock price be$?$

Should the founding stockholders be pleased with the $$50$ they received for their shares?