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Limitless Possibilities Ltd. currently has 98,000 shares outstanding with a market value of $1,008,000.00. Recently the company considered a project which requires the purchase of
Limitless Possibilities Ltd. currently has 98,000 shares outstanding with a market value of $1,008,000.00. Recently the company considered a project which requires the purchase of a $487,500.00 equipment. The net present value of the project is $65,000.00. What will the new market value per share be after the project is implemented? a) $10.29 b) $10.95 c) $10.73 d) $7.38 e) $15.92
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