P15-8 Price Dilution [LO3] Nemesis, Inc., has 138,000 shares of stock outstanding. Each share is worth $120, so the company's market value of equity is $16,560,000. Suppose the firm issues 23,000 new shares at the price of $120, what will the effect be of this offering price on the existing price per share? Suppose the firm issues 23,000 new shares at the price of $104, what will the effect be of this offering price on the existing price per share? Suppose the firm issues 23,000 new shares at the price of $104, what will the effect be of this offering price on the existing price per share? Suppose the firm issues 23,000 new shares at the price of $82, what will the effect be of this offering price on the existing price per share