![](https://cos-cdn.shuashuati.com/pipixue-wap/2020-1230-1107-56/ti_inject-812ce.png)
Popov Co currently has 10 million $0.50 ordinary shares in issue, trading at $1.93. A proposed new project is expected to have a net present value of $6 million and requires an initial investment of $5 million. The project's internal rate of return is expected to be 9%. If the market is efficient and the share price moves to reflect this information on the day that the project is announced, what is the theoretical movement In the share price on that day?