Your firm has a project with an initial investment of $100K and NPV = $10K. You will not issue new shares to finance this investment if\ \ \ Your firm's share price is $40 and you believe that is its true value.\ \ \ "Your firm's share price is $40, but you believe its true value is $50."\ \ \ "Your firm's share price is $40, but you believe its true value is $43."\ \ \ "Your firm's share price is $40, but you believe its true value is $35."\ \ \ You will always issue new share to finance this investment because it has a positive NPV