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Solar Energy Corp. has $8 million in earnings with 3 million shares outstanding. Investment bankers think the stock can justify a P/E ratio of 22

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Solar Energy Corp. has $8 million in earnings with 3 million shares outstanding. Investment bankers think the stock can justify a P/E ratio of 22 . If the underwriting spread is 5 percent. a. What should the price to the public be? (Round the intermediate calculations to two decimal places. Enter the answer in dollars not in millions. Round the final answer to 2 decimal places.) Price \$ b. What would the firm net? (Round the intermediate calculations to two decimal places. Round the final answer to 2 decimal places.) Net amount received

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