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Required: The Hamilton Corporation has 4 million shares of stock outstanding and will report earnings of $6,910,000 in the current year. The company is considering the issuance of 1 million additional shares that can only be issued at $30 per share. Assume the Hamilton Corporation can earn 7.0 percent on the proceeds. a. Calculate the earnings per share and the new earnings per share if the issuance is undertaken. Note: Round your final answers to 2 decimal places. b. Should the new issue be undertaken based on earnings per share? The Hamilton Corporation has 4 million shares of stock outstanding and will report earnings of $6,910,000 in the current year. The company is considering the issuance of 1 million additional shares that can only be issued at $30 per share. Assume the Hamilton Corporation can earn 7.0 percent on the proceeds. a. Calculate the earnings per share and the new earnings per share if the issuance is undertaken. b. Should the new issue be undertaken based on earnings per share? Note: Use cell A2 to B10 from the given information to complete this question. Round your final answers to 2 decimal places