KajunKorp currently has 1,500,000 shares of common stock outstanding with a $0.75 par value. The firm issued all 1,500,000 shares via an initial public offering at S11.26 per share. The firm's total common equity balance is $28,649,000 and the firm has no treasury stock. Determine the following balances: ommon stoC par: Additional paid-in capital: Retained earnings: Also, KajunKorp estimates that it will need $12,000,000 in additional financing to support new projects in the coming year. The firm's current debt ratio is 30% and it wishes to main- tain that percentage. KajunKorp expects to generate EBIT of $6,429,000 and currently has $10,000,000 in outstanding long-term debt with a coupon rate of 7%. Any new debt issued will have the same coupon rate. KajunKorp's tax rate is 35% and the firm currently pays a dividend of $0.10 per share; however, they would like to increase the dividend to $0.11 per share. Determine how much the firm expects to generate in retained earnings during the coming year and how many new shares (if any) of common stock KajunKorp will need to issue at the current stock price of $11.26 in order to finance the equity portion of the additional financing