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Amed Construction is considering investing in a new project that will cost $5 million and increase net income by 8%. This project will be completely
Amed Construction is considering investing in a new project that will cost $5 million and increase net income by 8%. This project will be completely funded by issuing new equity shares. Currently, the firm has 4 million shares of stock outstanding with a market price of $40 per share. The current earnings per share are $1.50. What will the earnings per share be if the project is implemented?
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