Jordan broadcasting is going public at $40 net per share. There are also founding stockholders that are selling for the same price. Prior to the offering, the firm had 29 million in earnings divided over 16 million shares. The public offering will be 8 million shares; 4 million will be new corporate shares and 4 million will he owned by the founding stockholders. What is the immediate dilution based on the new corporate shares that are being offered? ($ Per share) If the stock has a P/AE of 30 immediately after the offering, what will the stock price be? Should the founding stock holders be pleased with the $40 they got for their shares