Covid Shipping Ltd. Expects to earn $1.3 million per year in perpetuity if it undertakes no new investment opportunities. There are 100,000 shares outstanding, so earnings per share (EPS) is $13 (or $1.3M/100,000 shares). The firm will have an opportunity at date 1 to spend $1,000,000 on a new marketing campaign. The new campaign will increase earnings in every subsequent period by $310,000 (or $3.10 per share). This is a 31% return per year on the project. The firms discount rate is 8.2 percent. What is the value per share before and after deciding to accept the marketing campaign?