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Flybot currently has earnings per share of $17.40. The company expects 3% long run growth and pays out all earnings as dividends. It has a

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Flybot currently has earnings per share of $17.40. The company expects 3% long run growth and pays out all earnings as dividends. It has a new project that will require an investment of $15.50 per share in one year. The project is only a two-year project, and it will increase earnings in the two years following the investment by $7.50 and $5.50, respectively. Investors require a return of 17 percent on Flybot stock. Answer the following questions in a separate tab your Excel worksheet. Place the name of the company at the top of the worksheet. Outline all steps completely. What is the value per share of the company's stock assuming they do not undertake the project? Show your answer to two decimal points - For example: 1.00. What is the value of the project, per share? Show your answer to two decimal points - For example: 1.00. If the company undertakes the project, what is the new value per share? Show your answer to two decimal points - For example: 1.00

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