GMS Company had a current share price of $62, and the firm had 1,500,000 shares of stock outstanding. The company is considering an investment project that requires an immediate $16,000,000 investment but will produce a stream of cash flow of $7,200,000 each year over the next 4 years then close. There is no salvage value. If GMS Company invests in the project, what would the new share price be? GMS's cost of capital is 12%. (Hint: consider how the project NPV affects the stock price)

$49.86

$56.15

$65.91

$72.45

$81.18