Amed Construction is considering investing in a new project that will cost $10 million and increase net income by 15%. T

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Amed Construction is considering investing in a new project that will cost $10 million and increase net income by 15%. T

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Amed Construction Is Considering Investing In A New Project That Will Cost 10 Million And Increase Net Income By 15 T 1
Amed Construction Is Considering Investing In A New Project That Will Cost 10 Million And Increase Net Income By 15 T 1 (154.11 KiB) Viewed 19 times
Amed Construction is considering investing in a new project that will cost $10 million and increase net income by 15%. This project will be completely funded by issuing new equity shares. Currently, the firm has 50 million shares of stock outstanding with a market price of $25 per share. The current earnings per share are $3.50. What will the earnings per share be if the project is implemented? (Do not use the sign in your answer. If your answer is $85.93, enter 85.93) Numeric Response
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