Walker Machine Tools has 6 million shares of common stock outstanding. The current market price of Walker common year is $20.00 million. the new shares stock is $62 per share rights-on. The company's net income this A rights offering has been announced in which 600,000 new shares will be soid at $56.50 per share. The subscription price plus nine rights is needed to buy one of t 2oma nr sa per share snd prce-earsw shares se sad via he rghts ofeing?r Do nt round intermediata cacuiations and round your anwer to round your answers to 2 decimal places.) Answer is complete and correct. share Price earnings s 3.33 C 18.62 b. What would the earnings per share be immediately afer the rights offering? What would the the market value of the stock, except for the change when the price-eamings ratio ? What would the price-eamings rato be immediately after the rights offening? (Assume there is no change in stock begins trading ex-rights,) (Do not round intermediate calculations and round your answers to 2 decimal places.) Eamings per share Price eamings ratio