need answered

Renegsde Clothg in stugging to meet anslysts' forecasti. its esty December 2024, and the yeat-end projections are in. Listed below are the projections for the year ended 2024 and the comporable octual amounts for 2023 Analysts forecast earnings per thare for 2024 to be 10.91 per share it looks like earnings per share will fall short of expectations in 2024 Ronaid Outtaw, the drector of marketing has a creative ideo to improye earnings per share ond the return on equity. He proposes the company bertow additionat funds and vee the proceeds to purchase some of as own stock=treosury ahares is this a good ides? Required: 1. Calculate the projected earnings per share and roturn on equity for 2024 betole any purchste of stock Now as1ume Renegade Clothng borrows 50.22 mition and ute1 the money to purchase la 2.000 shares of its own stock at 510 per Shate. The projectoons for 2024 will change as foltows 2. Calculate the new projected eamings per share and return on equity for 2024, assuming the conpary goes through wah the treasury stock purchase (Hint in computing earnings per stare, overage shares outstanding is now 922,000=(881,000+963.000) / 2) 3. Does the ourchase of teasury stock near woar-end improve eamings per share and the retum on eouity ratip? 2. Calculate the new projected earnings per shame and zeturn on equity for 2024, assuming the company goes through with the treasury thock purchase. (Holit: In computing earnings per share. averoge shares oustanding is now 922.000=(5064000+963.000) ) 2) 3. Does the purchase of veasury stock near year-end improve earnings per share and the feftan on equity ratio? Complete this question by entering vour answers in the tabs below. Cakulate the projected earhengs per share and retumn on equity for 2024 before any purchase of stock