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A company is considering investing in a new project that will cost $6,589,490 and increase net income by 8.18%. This project will be completely funded
A company is considering investing in a new project that will cost $6,589,490 and increase net income by 8.18%. This project will be completely funded by issuing new equity shares. Currently, the firm has 2,196,490 common shares outstanding with a market price of $32.91 per share. The current earnings per share are $1.79. What will be the earnings per share if the project is implemented?
| $1.73 |
| $1.77 |
| $1.82 |
| $1.86 |
| $1.91 |
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