The presley corporation is about to go public. it currently has aftertax earnings of $7,600,000, and 2,100,000 shares are owned by the present stockholders (the presley family). the new public issue will represent 600,000 new shares. the new shares will be priced to the public at $20 per share, with a 6 percent spread on the offering price. there will also be $280,000 in out-of-pocket costs to the corporation. a. compute the net proceeds to the presley corporation. (do not round intermediate calculations and round your answer to the nearest whole dollar.) b. compute the earnings per share immediately before the stock issue. (do not round intermediate calculations and round your answer to 2 decimal places.) c. compute the earnings per share immediately after the stock issue. (do not round intermediate calculations and round your answer to 2 decimal places.) d. determine what rate of return must be earned on the net proceeds to the corporation so there will not be a dilution in earnings per share during the year of going public. (do not round intermediate calculations. enter your answer as a percent rounded to 2 decimal places.) e. determine what rate of return must be earned on the proceeds to the corporation so there will be a 5 percent increase in earnings per share during the year of going public. (do not round intermediate calculations. enter your answer as a percent rounded to 2 decimal places.) next visit question mapquestion 6 of 25 total 6

Freese, inc., is in the process of preparing the fourth quarter budget for 2016, and the following data have been assembled: the company sells a single product at a price of $70 per unit. the estimated sales volume for the next six months is as follows: september 15,600 units october 14,400 units november 16,800 units december 24,000 units january 10,800 units february 12,000 units all sales are on account. the company's collection experience has been that 30% of a month's sales are collected in the month of sale, 68% are collected in the month following the sale, and 2% are uncollectible. it is expected that the net realizable value of accounts receivable (i.e., accounts receivable less allowance for uncollectible accounts) will be $396,032 on september 30, 2016. management's policy is to maintain ending finished goods inventory each month at a level equal to 30% of the next month's budgeted sales. the finished goods inventory on september 30, 2016, is expected to be 2,520 units. to make one unit of finished product, 6 pounds of materials are required. management's policy is to have enough materials on hand at the end of each month to equal 40% of the next month's estimated usage. the raw materials inventory is expected to be 21,168 pounds on september 30, 2016. the cost per pound of raw material is $5, and 70% of all purchases are paid for in the month of purchase; the remainder is paid in the following month. the accounts payable for raw material purchases is expected to be $79,758 on september 30, 2016. a. prepare a sales budget in units and dollars, by month and in total, for the fourth quarter (october, november, and december) of 2016.