A firm is considering an investment that would cost $ 10 , 000,000 . The investment is expected to increase the firm's current netincome of $ 3,000 , 000 by $ 1 , 800,000 and would be financed with the issue of 400,000 new shares . The firm currently has2 , 000,000 shares outstanding with a book value per share of $ 60 . Assume the firms current PE ratio of 12 would not change if thefirm proceeds with the investment . What is expected to be the firms new EPS if it proceeds with the investment ?