The Hamilton Corporation has 6 million shares of stock outstanding and will report earnings of $6,720,000 in the current year. The company is considering the issuance of 1 million additional shares that can only be issued at $40 per share. a. Assume the Hamilton Corporation can earn 5.00 percent on the proceeds. Calculate the earnings per share. (Do not round intermediate calculations and round your answer to 2 decimal places.) Earnings per share b. Should the new issue be undertaken based on earnings per share? Yes