A company has 100,000 shares of stock currently outstanding. Each share currently has a true value of $60. Suppose the company issues 20,000 shares of new stock at the following prices: (a) $65, (b) $55, and (c) $30. The company takes the funds raised in the issue and invests in a zero-NPV project. What will be the effect of each of the alternative offering prices on the long-run market price of the shares after the issue assuming that in the long-run the market price for the stock will reflect the stock's true value? (Ignore issues such as taxation and transactions costs).