Capital markets fully reflect value of undertaking projet

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A firm has 10 million shares outstanding with a current market price of $33 per share. There is one investment project available to the firm. The initial investment of the project is $39 million, and the NPV of the project is $28 million. What will be the firm’s stock price if capital markets fully reflect the value of undertaking the project?

Reference no: EM131346149

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