Stencil, Inc., wishes to expand its facilities. The company currently has $10$ million shares outstanding and no debt. The stock sells for $$20$ per share, but the book value per share is $$6.$ Net income is currently $$2\mathrm{.}7$ million. The new facility will cost $$28$ million, and it will increase net income by $$340,000.$ Assume a constant price$-$earnings ratio.Stencil, Inc., wishes to expand its facilities. The company currently has $10$ million shares

outstanding and no debt. The stock sells for $$20$ per share, but the book value per share

is $$6.$ Net income is currently $$2\mathrm{.}7$ million. The new facility will cost $$28$ million, and it will

increase net income by $$340,000.$ Assume a constant price$-$earnings ratio.

a$-1.$

Calculate the new book value per share. $($Do not round intermediate calculations

and round your answer to $2$ decimal places, e$.$g$.,32\mathrm{.}16.)$

a$-2.$ Calculate the new total earnings. $($Do not round intermediate calculations.$)$

a$-3.$

Calculate the new EPS. $($Do not round intermediate calculations and round your

answer to $4$ decimal places, e$.$g$.,32\mathrm{.}1616.)$

a$-4.$

Calculate the new stock price. $($Do not round intermediate calculations and round

your answer to $2$ decimal places, e$.$g$.,32\mathrm{.}16.)$

a$-5.$

Calculate 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? $($Do not round intermediate calculations and enter your

answer in dollars, not millions, rounded to the nearest whole number, e$.$g$.,$

$1,234,567.$