Tyson Iron Works is about to go public. It currently hasaftertax earnings of $5,200,000, and 4,900,000 shares are owned bythe present stockholders. The new public issue will represent500,000 new shares. The new shares will be priced to the public at$20 per share with a 5 percent spread on the offering price. Therewill also be $180,000 in out-of-pocket costs to the corporation. a.Compute the net proceeds to Tyson Iron Works. (Do not roundintermediate calculations and round your answer to the nearestwhole dollar.) b. Compute the earnings per share immediately beforethe stock issue. (Do not round intermediate calculations and roundyour answer to 2 decimal places.) c. Compute the earnings per shareimmediately after the stock issue. (Do not round intermediatecalculations and round your answer to 2 decimal places.) d.Determine what rate of return must be earned on the net proceeds tothe corporation so there will not be a dilution in earnings pershare during the year of going public. (Do not round intermediatecalculations. Enter your answer as a percent rounded to 2 decimalplaces.) e. Determine what rate of return must be earned on theproceeds to the corporation so there will be a 5 percent increasein earnings per share during the year of going public. (Do notround intermediate calculations. Enter your answer as a percentrounded to 2 decimal places.)