A company is considering a project that would cost $4,000,000, which would be financed with the issue of new shares. Currently, the companys book value per share is $55 and its EPS is $3.50. If the company proceeds with the project, its EPS is expected to increase to $3.75. Assume the companys current PE ratio of 16 would remain constant. If the company proceeds with the project, what is expected to be its new market value per share? (show all calculations step by step PLEASE!)