Simpson corporation is planning an equity issue to finance a new project. Simpso

Question

Simpson corporation is planning an equity issue to finance a new project. Simpson lands to issue 100,000 shares of stock. Projected EPS after completion of the project is $13 and the total shares outstanding will be 200,000. What are the projected after tax earnings after completion of the project?
A. $ 2.4 million B $ 2.6 million C $ 2.8 million D none of the above Simpson corporation is planning an equity issue to finance a new project. Simpson lands to issue 100,000 shares of stock. Projected EPS after completion of the project is $13 and the total shares outstanding will be 200,000. What are the projected after tax earnings after completion of the project?
A. $ 2.4 million B $ 2.6 million C $ 2.8 million D none of the above
A. $ 2.4 million B $ 2.6 million C $ 2.8 million D none of the above

Explanation / Answer

the projected after tax earnings after completion of the project = 200,000 * 13

the projected after tax earnings after completion of the project = 2.6 million

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