Macho Tool Company is going public at $43 net per share to the company. There also are founding shareholders that are selling part of their shares at the same price. Prior to the offering, the firm had $28 million in earnings divided over 8 million shares. The public offering will be for 8 million shares; 6 million will be new corporate shares and 2 million will be shares currently owned by the founding shareholders. (Round the intermediate calculation to 2 decimal places. Round the final answers to 2 decimal places.) a. What is the immediate dilution based on the new corporate shares that are being offered? Dilution $ per share b. If the stock has a P/E of 25 immediately after the offering, what will be the share price? Stock price $ c. Should the founding shareholders be pleased with the $43 they received for their shares? Yes No