What is the PE ratio at 12/31/23?

How will you raise the $15 million needed? Show your calculations.

 

  

Falls Co.
Balance Sheet
12/31/2023 - Before Financing
(000s)
Current Assets	30,000		Current Liabilities	10,000
				Long-term Notes payable	70,000
Property, Plant & Equip.	90,000		Total liabilities		80,000
				Total Stockholders' Equity	40,000
Total Assets	120,000		Total liabilities and equity	100,000
Net Income for year ended 12/31/23 (000s)		4,000
Shares outstanding (000s)			2,000
Stock price at 12/31/23			50.00
NOTE: All amounts above are in 000s except stock price
1	Company is going to build a new factory at a cost of $15 million
2	Money will be raised at midnight on 12/31/23
3	The debt to equity must remain at 2.0 AFTER the financing
	(Financing of the $15 million cannot change liabilities / equity)
Questions
1
2	How much debt will you issue?
3	How many shares of stock will you issue?
4	What is the debt to equity ratio after the financing assuming no other balance sheet changes?
5	If net income for the year ended 12/31/24 remains at $4,000,000, what will earnings per share be?
6	Why did earnings per share change?