The Presley Corporation is about to go public. It currently has aftertax earnings of $$7,100,000,$ and $3,000,000$ shares are owned by the present stockholders $($the Presley family$).$ The new public issue will represent $700,000$ new shares. The new shares will be priced to the public at $$35$ per share, with a $4$ percent spread on the offering price. There will also be $$240,000$ in out$-$of$-$pocket costs to the corporation.

Compute the net proceeds to the Presley Corporation.

Note: Do not round intermediate calculations and round your answer to the nearest whole dollar.

Compute the earnings per share immediately before the stock issue.

Note: Do not round intermediate calculations and round your answer to $2$ decimal places.

Compute the earnings per share immediately after the stock issue.

Note: Do not round intermediate calculations and round your answer to $2$ decimal places.

Determine what rate of return must be earned on the net proceeds to the corporation so there will not be a dilution in earnings per share during the year of going public.

Note: Do not round intermediate calculations. Enter your answer as a percent rounded to $2$ decimal places.

Determine what rate of return must be earned on the proceeds to the corporation so there will be a $5$ percent increase in earnings per share during the year of going public.

Note: Do not round intermediate calculations. Enter your answer as a percent rounded to $2$ decimal places.