29. Determine the future value of a target venture which has net income expected to be $40,000 at the end of four years from now. A comparable rm currently has a stock price of $20.00 per shares; 100,000 shares outstanding; and net income of $50,000. a. $1.0 million = Target NI * P/E ratio b. $1.4 million = $40K * 40 = $1600 c. $1.6 million Correct d. $2.0 million