Elie's Concrete Co. (ECC) currently has sales of $30 million and a net profit margin of 5%. Management is contemplating expansion, which would lead to sales growth of 8% but would also require raising $4 million through an equity issue. ECC's shares currently trade at $14.75, and its underwriter believes that the market would be receptive to the offering at $14. The underwriter will charge 5.5%. If ECC currently has 3 million shares outstanding, calculate EPS before share issuance and after (assume that sales expansion occurs after share issuance). What if any dilution is there to EPS? What must the growth in earnings be for there to be no dilution in EPS?