Tyson Iron Works is about to go public. It currently has aftertax earnings of $$4,800,000,$ and $3,600,000$ shares are owned by the present stockholders. The new public issue will represent $200,000$ new shares. The new shares will be priced to the public at $$20$ per share with a $5$ percent spread on the offering price. There will also be $$220,000$ in out$-$of$-$pocket costs to the corporation.

A$.$ Compute the net proceeds to Tyson Iron Works. $($Do not round intermediate calculations and round your answer to the nearest whole dollar.$)$

Net proceeds:

B$.$ Compute the earnings per share immediately before the stock issue. $($Do not round intermediate calculations and round your answer to $2$ decimal places.$)$

Earnings per share:

C$.$ Compute the earnings per share immediately after the stock issue. $($Do not round intermediate calculations and round your answer to $2$ decimal places.$)$

Earnings per share:

D$.$ 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.$)$

Rate of return: