Tyson Iron Works is about to go public. It currently has aftertax earnings of $5,300,000, and 3,700,000 shares are owned by the present stockholders. The new public issue will represent 700,000 new shares. The new shares will be priced to the public at $20 per share with a 5 percent spread on the offering price. There will also be $190,000 in out-of-pocket costs to the corporation

Compute the earnings per share immediately after the stock issue. (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. (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 15 percent increase in earnings per share during the year of going public. (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places.)