NCC Company had a current share price of $31.25, and the firm had 1,760,000 shares of stock outstanding. The company is considering an investment project that requires an immediate $7,100,000 investment but will produce a single cash flow of $11,600,000 after 2 years then close. If NCC Company invests in the project, what would the new share price be? NCC Company's cost of capital is 10%. (Hint: calculate the project NPV then consider how the project NPV affects stock price)

$31.47

$32.66

$31.82

$32.88

$33.30