Question: 8. A firm accepts a project whose NPV is $15 million. If the firm has 98 million shares outstanding and the stock market is efficient,

8. A firm accepts a project whose NPV is $15 million. If the firm has 98 million shares outstanding and the stock market is efficient, by how much do you expect the share price to change when the market learns of the new project? Round your answer to the nearest penny. A firm accepts a project whose NPV is $15 million. If the firm has 98 million shares outstanding and the stock market is efficient, by how much do you expect the share price to change when the market learns of the new project? Round your answer to the nearest penny

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