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Metallica Heavy Metal Mining Corporation wants to diversify its operations. Some financial info on company. Price of stock $ 7 3 # of Shares 4

Metallica Heavy Metal Mining Corporation wants to diversify its operations.
Some financial info on company.
Price of stock $73
# of Shares 40,060
Total Assets $7,600,000
Total liabilities $2,200,000
Income $440,000
The company is considering an investment that has the same PE Ratio as the firm. The cost of the investment is $800,000 and it will be financed with a new equity issue. The return on the investment will equal the companys current ROE.
Current Book Value Per Share $135.00
New Book Value Per Share $121.30
Current Market to Book .5407
New Market To Book .5409
Current EPS $11.00
New EPS $9.89
What is the NPV on the investment?
(a negative number should be noted with minus sign and rounded nearest whole dollar)

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