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The Tractor Corp. needs to raise money for an addition to its equipment. It will issue 300,000 shares of new common stock. The new shares

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The Tractor Corp. needs to raise money for an addition to its equipment. It will issue 300,000 shares of new common stock. The new shares will be priced at $60 persture with an 85% spread on the offer price. There will be additional out-of-pocket expenses of $150,000. Presently Tractor Corp hus earnings of $1 million and 750,000 shares outstanding. Al Compute the EPS before the new shares are issued, round answers to two decimal places. $ B) Compute the EPS after the new shares are issued, round answers to two decimal places. $ Compute the net proceeds to Tractor Corp from the share issuance. $ D) How much additional net income is required, so that no dilution of earnings per share occurs? $

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