Maxwell Electronics had net income of $15 million last year, and had 5 million common shares outstanding. They declared a 12% stock dividend. Calculate EPS before and after the stock dividend. SHOW ALL WORK FOR CREDIT. If the price of the stock is $60 per share calculate the new P/E ratio. 5 pts each

a) before eps:___________

b) after eps; ___________

c) P/E ratio: __________