Midland Corporation has a netcome of $22 million and 4 million shares outstanding. Its common stock is currently selling for $44 per share. Midland plans to sell common stock to set up a major new production facility with a not cost of $22.272.000 The production facility will not produce a profit for one year and then it is expected to earn a 16 percent return on the investment Stanley Morgan and Co an investment Banking firm, plans to sell the issue to the public for $40 per share with a spread of 4 percent a. How many shares of stock must be sold to net $22.272.0007 (Note: No out of pocket costs must be considered in this problem.) Do not round Intermediate calculations and round your answer to the nearest whole number) Number of shares b. What are the earnings per shore EPS) and the price earnings ratio before the issue based on a stock price of $44)7 What will be the price per share immediately after the sale of stock if the PE stays constant iDo not round Intermediate calculations and round your answers to 2 decimal places) EPS lee ratio Price c: Compute the EPS and the price (if the PE stays constant after the new production facility begins to produce a profit (Do not found Intermediate calculations and round your answers to 2 decimal places) EPS after contro Price