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Erwin Enterprises has 13.00 million shares outstanding with a current market price of $12.00 per share. There is one investment available to Erwin, and its

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Erwin Enterprises has 13.00 million shares outstanding with a current market price of $12.00 per share. There is one investment available to Erwin, and its cash ows are provided below. Erwin has a cost at capital of 11.00 percent. Given this inicm'lation. determine the impact on Emin's stock pce and rm value if capital mart-(eta fully reflect the value at undertaking the project. Initial cash outow = 515.000.000.00 Year Cash Inow 1 $2.389,101.00 34.045.505.00 35.081.685.00 $6,069,100.00 $7.108,1T5.00 $1 .463,168.00 0101th What will be the new price of Erwin stock

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