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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). what will be the stock price of XXX after the announcement of the project?
A 12.8
B 13.9
C 15.2
D 16
E 17.4
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Essential Mathematics For Economic Analysis
Authors: Knut Sydsaeter, Peter Hammond, Arne Strom
4th Edition
0273760688, 9780273760689
