Andover Inc., had a current share price of $34, and the firm had 5,000,000 shares of stock outstanding. The company is considering an investment project that requires an immediate $62,000,000 investment but will produce a stream of cash flow of $35,000,000 each year over the next 3 years then close. There is no salvage value. If Andover invests in the project, what would the new share price be? Andover's cost of capital is 12%. (Hint: consider how the project NPV affects the stock price)

a. $42.06

b. $43.80

c.$38.41

d.$37.27

e. $35.63