Deepwater Energy Exploration LLC (ticker DEEP) announces that a test well that it has sunk in a new exploration block in the Gulf of Mexico has shown the existence of substantial oil reserves. The exploitation of those reserves is expected to increase DEEP's free cash flow by $100 million per year for eight years (starting at the end of this year) If investors had not been expecting thin new discovery, what will be the most likely effect on DEEP's stock price upon the announcement of the discovery, sliven that the firm has 70 million shares outstanding, no dett, and an eqully cost of capital of 8%? A, no effect Brise by $8.21 OC. rise by $6.57 OD. rise by $9.85