Walker Machine Tools has six million shares of common stock outstanding. The current market price of Walker common stock is $$54$ per share rights$-$on$.$ The company's net income this year is $$18$ million. A rights offering has been announced in which $560,000$ new shares will be sold at $$48\mathrm{.}5$ per share. The subscription price of $$48\mathrm{.}5$ plus $4$ rights is needed to buy one of the new shares. $($Do not round intermediate calculations. Round the final answers to $2$ decimal places.$)$

a$.$ What are the EPS and P$/$E ratio before the new shares are sold via the rights offering?

Earnings per share

Price$-$earnings ratio

b$.$ What would be the EPS immediately after the rights offering? What would be the P$/$E ratio immediately after the rights offering? $($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.$)$

Earnings per share

Price$-$earnings ratio

$

$x$

$\backslash$table$[[$Earnings per share,$],[$Price$-$earnings ratio,$