Canadian electrics expects to earn $100 million per year in perpetuity if it does not undertake any new projects. The firm has an opportunity that requires an investment of $15 million today and another $5 million in 1 year. The new investment will begin to generate $10 million per year in additional earnings two years from today in perpetuity (treat that the $10 million will occur at the end of year 2). The company has 10 million shares of common stock outstanding and the required return on this stock is 15% Canadian electrics expects to earn $100 million per year in perpetuity if it does not undertake any new projects. The firm has an opportunity that requires an investment of $15 million today and another $5 million in 1 year. The new investment will begin to generate $10 million per year in additional earnings two years from today in perpetuity (treat that the $10 million will occur at the end of year 2). The company has 10 million shares of common stock outstanding and the required return on this stock is 15%