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The Hewler Corp. is thinking about a project which requires the purchase of $450,000 of...

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Accounting

The Hewler Corp. is thinking about a project which requires the purchase of $450,000 of fixed assets. The NPV of the project is $30,000. Equity shares will be issued as the sole means of financing the project. What will the new book value per share be after the project is implemented given the following current information on the firm? ( Do not use the $ sign in your answer. If your answer is $85.93, enter 85.93)

Number of shares outstanding 100,000 Book value $1,200,000 Market value $1,500,000 Net income $80,000 Earnings per share $0.80

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