A company is considering a project that would cost $5,000,000, which would be financed with the issue of new shares. Currently, the companys book value per share is $18 and its EPS is $0.65. If the company proceeds with the project, its EPS is expected to increase to $0.75. Assume the companys current PE ratio of 28 would remain constant. If the company proceeds with the project, what is expected to be its new market value per share?