A firm is expected to earn $100 net income for next year, at the end of which time the firm will be dissolved (i.e., wound up). The $100 expected earnings includes gains and losses from disposals of assets and liabilities, and all other winding up costs. The firm's book value at the beginning of the year is $500, and its cost of capital is 12%. What is the firm's market value as at the beginning of the year, according to clean surplus theory?

Group of answer choices

a. $535.71

b. $560.00

c. $589.29

d. $600.00