Question: Hi, I need help with my Managerial Finance assignment please. . . Newdex has net income of $3,200,000 and 1,000,000 shares outstanding. It needs to

Hi, I need help with my Managerial Finance assignment please. . .

Newdex has net income of $3,200,000 and 1,000,000 shares outstanding. It needs to raise $5,200,000 in funds for a new asset. Its investment banker plans to sell an issue of common stock to the public for $30, less a spread of 10%, How much-must Newders after-tax income increase to prevent dilution of EPS? (Round "EPS" to 1 decimal place, intermediate and final answers to the nearest whole dollar amount.) $341,333 $616,298 $554,667 None of these

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