Solve the problem highlighting each step and its calculations that follow

49. NX is financed entirely by equity, comprising $5m ordinary $1 shares at a current market price of $2.50 per share. NX is planning to make a share issue to the general public in order to raise funds to invest in a new project that will cost $5.4m and give a positive NPV of S8m. The share issue will be priced at a 10% discount to the current share price. What percentage of the gain from this project will go to the existing shareholders, to the nearest 0.1%? *