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 $30 million in earnings divided over 10 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? Note: Do not round intermediate calculations and round your answer to 2 decimal places. If the stock has a P/E of 25 immediately after the offering, what will the stock price be? Note: Do not round intermediate calculations and round your answer to 2 decimal places. Should the founding stockholders be pleased with the $50 they received for their shares? multiple choice Yes No