Bartow Industrial Is Reviewing a New Proposal Which Will Require

Bartow Industrial is reviewing a new proposal which will require $360,000 of new fixed assets. The net present value of the project is $84,000. The price-earnings ratio of the project equals that of the
Existing firm. What will the new book value per share be after the project is implemented given the
Following current information on the firm?

A) $16.22
B) $18.77
C) $22.47
D) $23.61
E) $25.08