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(10 points) An all-equity financed company has 50 million shares outstanding selling at $32 each. The company has just enough cash available to undertake a

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(10 points) An all-equity financed company has 50 million shares outstanding selling at $32 each. The company has just enough cash available to undertake a project that has an estimated NPV of $25 million. In addition, the company desires to pay a $1.00 per share cash dividend that it plans to finance with an equity issue. What will be the share price after the project is undertaken and the dividend is paid

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