How much must newdexs aner-tax income increase

Reference no: EM132016939

Question: Newdex has net income of $4900000 and 1000000 shares outstanding. It needs to raise $6.900000 in funds for a new asset. Its Investment banker plans to sell an Issue of common stock to the public for $50, less a spread of 10% How much must Newdexs aner-tax income increase to prevent dilution of EPS? Round 'EPs' to 1 decimal ploce, Intermediate and final answers to the nearest whole dollar amount)

Reference no: EM132016939

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