Question
Aki Corporation currently has 70,000 shares outstanding with a market value of $840,000. Recently the company considered a project which requires the purchase of a
Aki Corporation currently has 70,000 shares outstanding with a market value of $840,000. Recently the company considered a project which requires the purchase of a $375,000 equipment. The net present value of the project is $50,000. What will the new market value per share be after the project is implemented?
A) 16.73
B)15.62
C)12.49
D)13.50
E)14.51
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Short Term Financial Management
Authors: John Zietlow, Matthew Hill, Terry Maness
5th Edition
1516512405, 9781516512409
