Business, 14.07.2019 06:30 andreafletcher101

Drury corporation needs to raise $ 2 comma 300 comma 000. the corporation plans on selling 100 comma 000 shares of $ 23 par value common stock. drury corporation currently has 160 comma 000 shares of stock outstanding and net income of $ 1 comma 800 comma 000. the $ 2 comma 300 comma 000 from the stock sale is expected to generate additional income of $ 400 comma 000 before interest and taxes. the income tax rate is 30%. what are the earnings per share after the sale of 100 comma 000 shares of stock? (round your final answer to the nearest cent.)

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Drury corporation needs to raise $ 2 comma 300 comma 000. the corporation plans on selling 100 comma...