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39. Silver Corporation is planning an equity issue to finance a new project. Silver plans to issue 100,000 shares of stock. Projected after-tax earnings after

39. Silver Corporation is planning an equity issue to finance a new project. Silver plans to issue 100,000 shares of stock. Projected after-tax earnings after completion of the projected are $1,800,000 and shares outstanding will total 200,000. What is the projected EPS after completion of the project?

A. $8

B. $9

C. $10

D. None of the above

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