Firm AAAs existing assets generate earnings of $20mil. per year forever. Firm has 5 mil. shares outstanding. The company is entirely equity-financed. The cost of equity for the company is estimated to be 10%. The capital market is efficient and there is no tax. a. What is the AAAs current stock price? b. Now firm plans to invest I=$15mil. in new project. Project will generate $3 mil. in new earnings per year forever. Firm will issue new shares to fund this new project. In an efficient capital market, what is the price that new shareholders are willing to pay for each share of Firm AAAstock? c. Suppose market is inefficient now and new shares can be sold for $45, what is the gain/loss by new shareholders from purchasing these new shares?