Louisiana Timber Company currently has $4$ million shares of stock outstanding and will report earnings of $$6\mathrm{.}36$ million in the current year. The company is considering the issuance of $2$ million additional shares that will net $$38$ per share to the corporation.

a$.$ What is the immediate dilution potential for this new stock issue?

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

b$-1.$ Assume the Louisiana Timber Company can earn $9\mathrm{.}00$ percent on the proceeds of the stock issue in time to include it in the current year$$s results. Calculate earnings per share.