P20-8. Price Dilution Raggio Inc. has 115,000 shares of stock outstanding. Each share is worth S94, so the company's market value of equity is $10,810,000. Suppose the firm issues 23,000 new shares. (Do not round the intermediate calculations. Round the answers to 2 decimal places. Leave no cells blank - be certain to enter "O" wherever required.) a. What will be the effect on the existing price per share if the new shares are issued at $94? (Click to select) b. What will be the effect on the existing price per share if the new shares are issued at $90? (Click to select) c. What will be the effect on the existing price per share if the new shares are issued at $75? (Click to select)