Castle company is planning an equity issue to finance a new project. Castle plan

Question

Castle company is planning an equity issue to finance a new project. Castle plans to issue 100,000 shares of work. projecting EPS after completion of the project is $8 and the total shares outstanding will be 200,000. What are the projected after tax earnings after completion of the project?
A. $ 1.6 million B $ 1.8 million C $ 2 million D none of the above Castle company is planning an equity issue to finance a new project. Castle plans to issue 100,000 shares of work. projecting EPS after completion of the project is $8 and the total shares outstanding will be 200,000. What are the projected after tax earnings after completion of the project?
A. $ 1.6 million B $ 1.8 million C $ 2 million D none of the above
A. $ 1.6 million B $ 1.8 million C $ 2 million D none of the above

Explanation / Answer

projected after tax earnings after completion of the project = 8 * 200.000

projected after tax earnings after completion of the project = 1.6 million

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