Assume a company has $12,5$ million shares in issue. The current market price per share is R$65$ per share. The company has the opportunity to invest in a project with a total value of R$45$ million. The net present value of the project is R$35$ million.

What will the companies share price be if capital markets fully reflect the value of undertaking the project?

$R67,50$

$R67,80$

R$65$

R$68$