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Solar Energy Corp. has $5 million in earnings with 2 million shares outstanding. Investment bankers think the stock can justify a P/E ratio of 18.

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Solar Energy Corp. has $5 million in earnings with 2 million shares outstanding. Investment bankers think the stock can justify a P/E ratio of 18. If the underwriting spread is 5 percent. a. What should the price to the public be? (Enter the answer in dollars not in millions.) Price $ 45] b. What would the firm net? (Round the final answer to 2 decimal places.) Net amount received $0

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