A company is considering a project that would cost $6,000,000, which would be financed with the issue of 400,000 new shares Currently, the company 2,000,000 shares outstanding that have a book value of $15 per share. If the company proceeds with the project, it expects its current net incf5750.000 would increase by $450,000. Assume the company's current PE ratio of 8 would remain constant. If the company proceeds with the project where to be its new EPS? Do not round Intermediate calculations. Round the final answer to 2 decimal places. Omit any commes and the sign in your en Forum of $1.000 50 should be entered as 1000.50