Aki Corporation Currently Has 70,000 Shares Outstanding with a Market

Aki Corporation currently has 70,000 shares outstanding with a market value of $840,000. Recently the company considered a project which requires the purchase of a $375,000 equipment. The net
Present value of the project is $50,000. What will the new market value per share be after the
Project is implemented?

A) $16.73
B) $15.62
C) $14.51
D) $13.50
E) $12.49