Marker, Incorporated, wishes to expand its facilities. The company currently has $12$

million shares outstanding and no debt. The stock sells for $$27$ per share, but the book

value per share is $$36.$ Net income is currently $$5\mathrm{.}1$ million. The new facility will cost $$60$

million, and it will increase net income by $$920,000.$ The par value of the stock is $$1$ per

share. Assume a constant price$-$earnings ratio.

a$-1.$ Calculate the new book value per share. Assume the stock price is constant. $($Do not

round intermediate calculations and round your answer to $2$ decimal places, e$.$g$.,$

$32\mathrm{.}16.)$

a$-$ Calculate the new total earnings. $($Do not round intermediate calculations and enter

your answer in dollars, not millions of dollars, rounded to the nearest whole

number, e$.$g$.,1,234,567.)$

a$-$ Calculate the new EPS. Include the incremental net income in your calculations. $($Do

not round intermediate calculations and round your answer to $4$ decimal places,

e$.$g$.,32\mathrm{.}1616.)$

a$-$ Calculate the new stock price. Include the incremental net income in your

calculations. $($Do not round intermediate calculations and round your answer to $2$

decimal places, e$.$g$.,32\mathrm{.}16.)$

a$-$ Calculate the new market$-$to$-$book ratio. $($Do not round intermediate calculations

and round your answer to $3$ decimal places, e$.$g$.,32\mathrm{.}161.)$

b$.$ What would the new net income for the company have to be for the stock price to

remain unchanged? $($Do not round intermediate calculations and enter your

answer in dollars, not millions of dollars, rounded to the nearest whole number,

e$.$g$.,1,234,567.$