Baldwin's balance sheet has $81,614,000 in equity. Further, the company is expecting net income of 4,000,000 next year, and also expecting to pay $5,000,000 in dividends. If there is no new stock issued what will be Baldwin's book value?

Select : 1

• $80,614,000

• $90,614,000

• $33,091,000

• $43,091,000