Baldwin's balance sheet has $87,655,000 in equity. Further, the company is expecting net income of 3,000,000 next year, and also expecting to issue $4,000,000 in new stock. If there are no dividends paid what will beBaldwin's book value?

Select: 1

	$86,655,000
	$94,655,000
	$36,018,000
	$44,018,000