Marker, Incorporated, wishes to expand its facilities. The company currently has 12 million shares outstanding and no debt. The stock sells for $30 per share, but the book value per share is $42. Net income is currently $4.3 million. The new facility will cost $45 million, and it will increase net income by $500,000. 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., 32.16.)
a-2.	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-3.	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., 32.1616.)
a-4.	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., 32.16.)
a-5.	Calculate the new market-to-book ratio. (Do not round intermediate calculations and round your answer to 3 decimal places, e.g., 32.161.)
b.	What would the new net income for the company have to be for the stock price to remain unchanged?