The Hamilton Corporation has 3 million shares of stock outstanding and will report earnings of exist6, 880,000 in the current year. The company is considering the issuance of 3 million additional shares which can only be issued at exist33 per year share. a. Assume the Hamilton Corporation can earn 6.00 percent on the proceeds. Calculate the earnings per share. (Do not round intermediate calculations and round your answer 2 decimal places.) b. Should the new issue be undertaken based on earnings per share? No Yes