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XXXs shares are trading for $14 per share and there are 500,000 shares outstanding. the firm has an opportunity to take on a project that
XXXs shares are trading for $14 per share and there are 500,000 shares outstanding. the firm has an opportunity to take on a project that has an NPV of $600,000. the project will cost $2.28 million (the firm does bot have sufficient internal funds to make the investment). How many shares does XXX need fo sell to raise sufficient equity to take the new project?
A 200,000
B 150,000
C 220,000
D 78,000
E 100,00
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