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Vansteelandt Inc. has net income of $4,000,000 and 1,000,000 shares outstanding. Its common stock is currently selling for $50 per share. It needs to raise

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Vansteelandt Inc. has net income of $4,000,000 and 1,000,000 shares outstanding. Its common stock is currently selling for $50 per share. It needs to raise $2,000,000 in funds for a new asset. Its investment dealer plans to sell an issue of common stock to the public for $48 for a spread of 4% on offer price. How much must Vansteelandt's after tax income increase to prevent dilution of EPS? Select one: O a. $80,000 O b. $41,667 O c. $173,612 O d. $40,000

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