Amed Construction is considering investing in a new project that will cost $10 million and...
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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 8593) Numeric Response
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