1. Suppose that your all-equity firm is currently valued at $60M, which is based on the present value of the firm's future cash flows. You want to raise $20M in equity from new shareholders to invest in a profitable project. The value if the company is expected to become $90M with the project a) What percentage of your firm would you have to sell to new shareholders in exchange for $20M? b) And how many shares would this represent, given that your firm previously had 600K shares outstanding? c) Determine price per share at which shares must be issued and sold to new shareholders. d) What would be the rate of return on investment for the old and new shareholders after the company invests in the project and value of the company increases to the new level