Winpak, Inc. had a current share price of $49.20, and the firm had 1,400,000 shares of stock outstanding. The company is considering an investment project that requires an immediate $3,800,000 investment but will produce a single cash flow of $8,100,000 after 4 years then close. If Winpak, Inc. invests in the project, what would the new share price be? Winpak, Inc.'s cost of capital is 11%. (Hint: calculate the project NPV then consider how the project NPV affects stock price)

		$49.70
		$50.30
		$50.80
		$51.40
		$51.70