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Question 6 1 pts Pinder Co has 20 million shares outstanding with a current market price of $3 per share. Pinder Co announces an investment

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Question 6 1 pts Pinder Co has 20 million shares outstanding with a current market price of $3 per share. Pinder Co announces an investment in a project where the initial investment in year O is $9 million and the cash inflow for the next five years will be $5 million, after which the investment will generate no cash flows. Pinder Co's discount rate for this project is 8%. What is the dollar increase in Pinder Co's share price due to the undertaking this investment? (Round to the nearest two digits) None of the other answers are correct. $0.68 O $0.51 O $0.55 O $0.63

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