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Hominy, Inc., has debt outstanding with a face value of $6 million. The value of the firm if it were entirely financed by equity would be $18.7 million. The company also has 350,000 shares of stock outstanding that sell at a price of $39 per share. The corporate tax rate is 22 percent. What is the decrease in the value of the company due to expected bankruptcy costs? (Do not round intermediate calculations and enter your answer in dollars, not millions of dollars, rounded to the nearest whole dollar, e.g., 1,234,567. Answer is complete but not entirely correct. Stencil, Inc., wishes to expand its facilities. The company currently has 15 million shares outstanding and no debt. The stock sells for $24 per share, but the book value per share is $8. Net income is currently $5.3 million. The new facility will cost $45 million, and it will increase net income by $610,000. Assume a constant price-earnings ratio. a-1. Calculate the new book value per share. (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) a-2. Calculate the new total earnings. (Do not round intermediate calculations.) a-3. Calculate the new EPS. (Do not round intermediate calculations and round your answer to 4 decimal places, e.g., 32.1616.) a-4. Calculate the new stock price. (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) a-5. Calculate the new market-to-book ratio. (Do not round intermediate calculations and round your answer to 4 decimal places, e.g., 32.1616.) What would the new net income for the company have to be for the stock price to b. remain unchanged? (Do not round intermediate calculations and enter your answer in dollars, not millions, rounded to the nearest whole number, e.g.. 1,234,567. Answer is complete but not entirely correct