Manvir Corporation Currently Has 120,000 Shares Outstanding with a Market

Manvir Corporation currently has 120,000 shares outstanding with a market value of $8,000,000. Recently the company considered a project which requires the purchase of a $510,000 equipment. The net present value of the project is $250,000. What will the new market value per share be after the project is implemented?

A) $65.33
B) $66.43
C) $67.53
D) $68.63
E) $69.73