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You are currently looking for a new stock to invest in. Through a friend, you hear that Evaporite SYstems has just successfully completed testing on

You are currently looking for a new stock to invest in. Through a friend, you hear that Evaporite SYstems has just successfully completed testing on a new system to eliminate wastewater which will make all other systems obsolete, and have partnered with a major petroleum development company to bring it to market. Describe under which form(s) of market efficiency it would be worth your time and effort to invest in this company, and under what form(s) of efficiency, it would not be feasible. Why is this the case?

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