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Business, 12.03.2020 16:29 keagank

Your next-door neighbor thinks that she has discovered the next food craze: a blend of Chinese and Mexican cuisine she is calling Wildhorse. She already has one location that is busy all day. She currently has gross sales of $17.55 million. Her expenses, which include ingredients, rent, and personnel, run $15.20 million. Your neighbor is considering bringing in outside investors. She would like to issue 5 million shares of stock and sell the stock for $32.55 each in an IPO. If she does this, how much would someone who purchases one share earn? In other words, what is the earnings per share for the company?

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