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a and b. please round to two decimal places Kohwe Corporation plans to issue equity to raise $50 million to finance a new investment. After

a and b. please round to two decimal places
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Kohwe Corporation plans to issue equity to raise $50 million to finance a new investment. After making the investment, Kohwe expects to eam free cash flows of $10 million each year. Kohwe currently has 5 million shares outstanding and it has no other assets or opportunities. Suppose the appropriate discount rate for Kohwe's future free cash flows is 8%, and the only capital market imperfections are corporate taxes and financial distress costs. a. What is the NPV of Kohwe's investment? b. What is Kohwe's share price today? a. What is the NPV of Kohwe's investment? The NPV of Kohwe's investment is $ million. (Round to two decimal places.)

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