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A Corporation plans to issue equity to raise $75232511 to finance a new investment. After making the investment, the firm expects to earn free cash
A Corporation plans to issue equity to raise $75232511 to finance a new investment. After making the investment, the firm expects to earn free cash flows of $11739213 each year. The firm currently has 5303835 shares outstanding, and it has no other assets or opportunities. Suppose the appropriate discount rate for the firm future free cash flows is 9.21%, and the only capital market imperfections are corporate taxes and financial distress costs.
What is the firm's increment in share price today?
Please show answer after decimals as well.
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