Question No 24:
X plc has 1 million shares issued. It has an EPS figure of $0.10. X is planning a new investment project which is expected to raise profits after tax by $50,000. This project will be financed by an issue of an additional 250,000 shares. After the project is completed, the new EPS will be:
A. $0.2
B. $0.12
C. $0.08
D. $0.15
Answer: B
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