Canadian Company reported EPS of $9.9 at the end of 2019. The company has no growth and pays out all earnings as dividends. It has a new project that will require an investment of $1.3 per share in one year. The project is only a one-year project, and it will increase earnings in the year following the investment by $6.2. Investors require a 8 percent return on the companys stock. What is the value per share of the companys stock, assuming the firm undertakes the investment opportunity? (Round your answer to 2 decimal places and do NOT include the dollar sign).

Canadian Company reported EPS of $9.9 at the end of 2019. The company has no growth and pays out all earnings as dividends. It has a new project that will require an investment of $1.3 per share in one year. The project is only a one-year project, and it will increase earnings in the year following the investment by $6.2. Investors require a 8 percent return on company's stock. What is the value per share of the company's stock, assuming the firm undertakes the investment opportunity? (Round your answer to 2 decimal places and do NOT include the dollar sign). Canadian Company reported EPS of $9.9 at the end of 2019. The company has no growth and pays out all earnings as dividends. It has a new project that will require an investment of $1.3 per share in one year. The project is only a one-year project, and it will increase earnings in the year following the investment by $6.2. Investors require a 8 percent return on company's stock. What is the value per share of the company's stock, assuming the firm undertakes the investment opportunity? (Round your answer to 2 decimal places and do NOT include the dollar sign)