There is 5 parts to this question I got all but one part. Teardrop Inc. wis

There is 5 parts to this question I got all but one part.

Teardrop Inc. wishes to expand it facilities. the company currently has 8.6 million shares outstanding and no debt. The stock sells for $41 per share but the
book value per share is $24. Net income for Teardrop is currently $17.6 million. The new facility will cost $36 million and it will increase net income by
$1.7 million.

(a) Assuming a constant price-earnings ratio determine the effect of issuing ndew equity to finance the investment. Specifically the new book value per shar
is $25.57 the new total earnings are $19300151 the new EPS is $2.04 the new stock
price is $40.80 and the new market-to book ration is $ 1.60.

(b) For the stock price to remain unchanged the new net income for Teardrop would have to be $ _______.