$17)$ Blue Wave Inc. is a satellite imaging company and had $85640$ shares of common stock outstanding. At the end of $20$X$1,$ its simplified balance sheet is as follows:

Current assets $$610200$ Accounts payable $$398200$

Plant, property and equipment $2493100$ Common Stock $(85640$ shares issued and outstanding$)2141000$

Other non$-$current assets $487200$ Retained Earnings $1051300$

Total assets $$3590500$ Total liab. and shareholders' equity $$3590500$

Blue Wave needs $$1144300$ to purchase a software service at the beginning of $20$X$2$ to enhance its imaging ability. This expense is a one$-$time expense. The new software is expected to increase its annual operating income $($before interest expense and income tax$)$ from $$104800$ to $$438400.$ Blue Wave$$s income tax rate is $25\%.$

Blue Wave has two options to get funding: one is to borrow the $$1144300$ from Gringotts Bank at an annual interest rate of $8\%,$ interests payable monthly and principal repayable in $4$ years. The other is to issue more common stock at $$25$ per share. Blue Wave currently pays dividends at $6\mathrm{.}0\%$ of common stock value.

If Blue Wave do not spend the $$1144300$ to purchase the software service, its operating income would stay at $$104800.$ What is its earnings per share? Earnings per share is the net income divided by number of outstanding shares.

$[$Please round your answer to $3$ decimal places.$]$

$18)$ Blue Wave Inc. is a satellite imaging company and had $87788$ shares of common stock outstanding. At the end of $20$X$1,$ its simplified balance sheet is as follows:

Current assets $$616500$ Accounts payable $$400900$

Plant, property and equipment $2428500$ Common Stock $(87788$ shares issued and outstanding$)2194700$

Other non$-$current assets $613000$ Retained Earnings $1062400$

Total assets $$3658000$ Total liab. and shareholders' equity $$3658000$

Blue Wave needs $$1173200$ to purchase a software service at the beginning of $20$X$2$ to enhance its imaging ability. This expense is a one$-$time expense. The new software is expected to increase its annual operating income $($before interest expense and income tax$)$ from $$110600$ to $$446500.$ Blue Wave$$s income tax rate is $25\%.$

Blue Wave has two options to get funding: one is to borrow the $$1173200$ from Gringotts Bank at an annual interest rate of $8\%,$ interests payable monthly and principal repayable in $4$ years. The other is to issue more common stock at $$25$ per share. Blue Wave currently pays dividends at $6\mathrm{.}0\%$ of common stock value.

If Blue Wave decides to issue $46928$ shares of common stocks at $$25$ per share to pay for the software service, what is the projected net income in $20$X$2($after interest expense and after income taxes$)?$

$19)$ Blue Wave Inc. is a satellite imaging company and had $83384$ shares of common stock outstanding. At the end of $20$X$1,$ its simplified balance sheet is as follows:

Current assets $$616100$ Accounts payable $$594600$

Plant, property and equipment $2429200$ Common Stock $(83384$ shares issued and outstanding$)2084600$

Other non$-$current assets $650800$ Retained Earnings $1016900$

Total assets $$3696100$ Total liab. and shareholders' equity $$3696100$

Blue Wave needs $$1126200$ to purchase a software service at the beginning of $20$X$2$ to enhance its imaging ability. This expense is a one$-$time expense. The new software is expected to increase its annual operating income $($before interest expense and income tax$)$ from $$106700$ to $$441300.$ Blue Wave$$s income tax rate is $25\%.$

Blue Wave has two options to get funding: one is to borrow the $$1126200$ from Gringotts Bank at an annual interest rate of $8\%,$ interests payable monthly and principal repayable in $4$ years. The other is to issue more common stock at $$25$ per share. Blue Wave currently pays dividends at $6\mathrm{.}0\%$ of common stock value.

If Blue Wave decides to issue $45048$ shares of common stocks at $$25$ per share to pay for the software service, what is its earnings per share at the end of $20$X$2?$

$[$Please round your answer to $2$ decimal points.$]$

$20)$ Blue Wave Inc. is a satellite imaging company and had $86156$ shares of common stock outstanding. At the end of $20$X$1,$ its simplified balance sheet is as follows:

Current assets $$616100$ Accounts payable $$412200$

Plant, property and equipment $2400200$ Common Stock $(86156$ shares issued and outstanding$)2153900$

Other non$-$current assets $621600$ Retained Earnings $1071800$

Total assets $$3637900$ Total liab. and shareholders' equity $$3637900$

Blue Wave needs $$1168100$ to purchase a software service at the beginning of $20$X$2$ to enhance its imaging ability. This expense is a one$-$time expense. The new software is expected to increase its annual operating income $($before interest expense and income tax$)$ from $$117200$ to $$429400.$ Blue Wave$$s income tax rate is $25\%.$

Blue Wave has two options to get funding: one is to borrow the $$1168100$ from Gringotts Bank at an annual interest rate of $8\%,$ interests payable monthly and principal repayable in $4$ years. The other is to issue more common stock at $$25$ per share. Blue