Stencil, Inc, wishes to expand its facilities. The company currently has $12$ million shares outstanding and no debt. The stock sells for $$43$ per share, but the book value per share is $510.$ Net income is currently $$5$ million. The new facility will cost $$60$ million, and it will increase net income by $$560,000.$ Assume a constant price$-$earnings ratio.

Calculate the new book value per share, new total earnings, the new EPS, the new stock price, and the new market$-$to$-$book ratio.

Do not round intermediate calculations and round your answer to $4$ decimal places, e$.$g$.,32\mathrm{.}1616.)$

What would the new net income for the company have to be for the stock price to remain unchanged?

$-1.$ Book value $=43\mathrm{.}05$ was wrong

a$-2.$ Total earnings $=5,560,000$

$-3.$ EPS $0\mathrm{.}4633$ was wrong

a $4.$ Stock price $4,771\mathrm{.}16$ was wrong

a$-5.$ Market$-$to$-$book ratio $110\mathrm{.}7900$ was wrong

b$.$ Net income $$19,880,000$ was wrong