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Please show workings clearly! Also please do not use excel formulas to solve. Wind Power Corp. has $8 million in earnings with 3 million shares

Please show workings clearly! Also please do not use excel formulas to solve.

Wind Power Corp. has $8 million in earnings with 3 million shares outstanding. Investment bankers think the stock can justify a P/E ratio of 25 . If the underwriting spread is 5 percent. Required: a. What should the price to the public be? (Round the final answer to 2 decimal places.) b. What would the firm net? (Round the final answer to 2 decimal places.)

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