Save Answer 4 points A firm has no debt. Existing assets generate earnings (E) of $300 million per year forever. Discount rate is 12%. Firm has 50 million shares (n) currently selling at S50 per share. Now firm plans to invest 1-$22 million in a new project. The new project will genernte S12 million in new earnings forever per year. The firm will issue an new shares at new price P* to finance the project. Select a false statement about this firm If the new shares are issued at $51.56 per share to finance the project, there is going to be no adjustment to the price fotlowing the issuance With the new project, the new market value of asset will be $26 bil. of the new shares are issued at $53 per share to finance the project, there is going to be adjustment to the price following the issuance and the price after the adjustment should be $52.57. O NPV of the new project is $78mil. If the new shares are issued at $51.56 per share to finance the project, firms should issue 426,687 number of new shares