1) Alpha Inc. is an allequity rm with total assets equal to $3?5 Million, and 6.8 million shares outstanding. Alpha Inc. has to decide about investing $28 Million to nance the launch of a new product. If the investment is made, it will generate cash ows equal to $3.3 Million per 1,rear forever. The correct discount rate for Alpha's asset is 9.5% [the unlevered cost of ca pital}, while its cost of debt (if it issues debt to nance the project] is 4.5%, and is equal to the riskfree rate. The market risk premium is 12.5%. ' Assume the corporate tax rate is 0. Suppose that Alpha decided to raise the 23mln$ it needs by issuing new equity. This scenario applies to subquestions 1a) to 1c]. 1a} At what price will these shares be issued? {10 pts]