Expected net income after tax next year before new financing $ 36 million Sinking-fund payments due...

 

 

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Expected net income after tax next year before new financing $ 36 million Sinking-fund payments due next year on existing debt $14 million Interest due next year on existing debt $16 million Company tax rate Common stock price, per share Common shares outstanding 40 % $20 17 million Please refer to the financial information for ABC above. For next year, calculate ABC's earnings per share if ABC sells 1 million new shares at $20 a share (select the closest $$ amount). Expected net income after tax next year before new financing $ 36 million Sinking-fund payments due next year on existing debt $14 million Interest due next year on existing debt $16 million Company tax rate Common stock price, per share Common shares outstanding 40 % $20 17 million Please refer to the financial information for ABC above. For next year, calculate ABC's earnings per share if ABC sells 1 million new shares at $20 a share (select the closest $$ amount).

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