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A company is considering a new project with a net present value of $22,145 and an initial cash outlay for fixed assets of $106,450. The

A company is considering a new project with a net present value of $22,145 and an initial cash outlay for fixed assets of $106,450. The company is planning on funding this project by selling 2,250 new common shares. Currently, there are 39,850 common shares outstanding, and the book value per share is $26.55. What will be the new book value per share if this project is implemented?

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