Walker Machine Tools has four million shares of common stock outstanding. The current market price of Walker common stock is $44 per share rights-on. The company's net income this year is $15.5 million. A tights offering has been announced in which 510,000 new shares will be sold at $385 per share. The subscription price of $38.5 plus 9 rights is needed to buy one of the new shares. (Do not round intermediate calculations. Round the finol answers to 2 decimal places.) a. What are the EPS and PIE ratio before the new shares are sold via the rights offering? b. What would be the EPS immediately after the rights offering? What would be the PIE ratio immediately after the rights offenng? (Assume there is no change in the market value of the common stock, except for the change that occurs when the stock begins trading ex-rights.)