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Wayne, Inc., wishes to expand its facilities. The companycurrently has 5 million shares outstanding and no debt. The stocksells for $36 per share, but the book value per share is $10. Netincome is currently $3 million. The new facility will cost $45million, and it will increase net income by $660,000. Assume aconstant price-earnings ratio.a-1.Calculate the new book value per share. (Do not roundintermediate calculations and round your answer to 2 decimalplaces, e.g., 32.16.)a-2.Calculate the new EPS. (Do not round intermediatecalculations and round your answer to 4 decimal places, e.g.,32.1616.)a-3.Calculate the new stock price. (Do not roundintermediate calculations and round your answer to 2 decimalplaces, e.g., 32.16.)a-4.Calculate the new market-to-book ratio. (Do not roundintermediate calculations and round your answer to 4 decimalplaces, e.g., 32.1616.)b.What would the new net income for the company have to be forthe stock price to remain unchanged? (Do not roundintermediate calculations and enter your answer in dollars, notmillions of dollars, rounded to the nearest whole dollar amount,e.g., 1,234,567.)