The Metallica Heavy Metal Mining (MHMM) Corporation wants to diversify its operations. Some recent financial information for the company is shown here: Stock price $74 Number of shares 30,000 Total assets $9,800,000 Total liabilities $4,700,000 Net income $420,000 MHMM is considering an investment that has the same PE ratio as the firm. The cost of the investment is $640,000, and it will be financed with a new equity issue. The additional net income is $52,704. What is the new stock price per share? $64.65 $83.29 $74 $57.44 $14 The Metallica Heavy Metal Mining (MHMM) Corporation wants to diversify its operations. Some recent financial information for the company is shown here: Stock price $74 Number of shares 30,000 Total assets $9,800,000 Total liabilities $4,700,000 Net income $420,000 MHMM is considering an investment that has the same PE ratio as the firm. The cost of the investment is $640,000, and it will be financed with a new equity issue. The additional net income is $52,704. Does stock price dilution occur? Yes, stock price dilution occurs. No, stock price dilution does not occur