Tissot Wearables had a current share price of $36, and the firm had 2,000,000 shares of stock outstanding. The company is considering an investment project that requires an immediate $19,800,000 investment but will produce a single cash flow of $50,200,000 after 4 years then close. If Tissot Wearables invests in the project, what would the new stock price be? Tissot Wearables' cost of capital is 10%. (Hint: calculate the project NPV then consider how the project NPV affects stock price)

$44.63

$43.29

$42.74

$41.83

$40.67