Newdex has net income of $4,700,000 (INCLUDING the effect of expected out-of- pocket costs) and 1,000,000 shares outstanding. It needs to raise $6,700,000 in funds for a new asset. Its investment banker plans to sell an issue of common stock to the public for $40, less a spread of 10%. How much must Newdex's after-tax income increase by to prevent dilution of earnings per share? (Round "EPS" to 1 decimal place, intermediate and final answers to the nearest whole dollar amount.) Multiple Choice $552,250 $874,722 $874,722 $787,250 $787,250 ooo None of these