Durbanet is an all-equity firm with 132,000 shares of stock outstanding. The book value per share is $14 and the market value per share is $31. The current net income is $301, 000. The firm is considering a new project that will cost $1.4 million and increase net income by $ 87,000. The current earnings per share is. if the project is and it will be. accepted.

Durbanet is an all-equity firm with 132,000 shares of stock outstanding. The book value per share is $14 and the market value per share is $31. The current net income is $301, 000. The firm is considering a new project that will cost $1.4 million and increase net income by $ 87,000. The current earnings per share is. if the project is and it will be. accepted.

Essentials Of Investments

11th Edition

ISBN:9781260013924

Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Chapter1: Investments: Background And Issues

Section: Chapter Questions

Problem 1PS

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