Kevin's Bacon Company Incorporated has earnings of $$5$ million with $2,400,000$ shares outstanding before a public distribution. Six hundred thousand shares will be included in the sale, of which $300,000$ are new corporate shares, and $300,000$ are shares currently owned by Ann Fry, the founder and CEO. The $300,000$ shares that Ann is selling are referred to as a secondary offering and all proceeds will go to her.

The net price from the offering will be $$19\mathrm{.}50,$ and the corporate proceeds are expected to produce $$1\mathrm{.}5$ million in corporate earnings.

a$.$ What were the corporation's earnings per share before the offering?

Note: Do not round intermediate calculations and round your answer to $2$ decimal places.

Earnings per share

b$.$ What are the corporation's earnings per share expected to be after the offering?

Note: Do not round intermediate calculations and round your answer to $2$ decimal places.

Earnings per share