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Baldwin's balance sheet has $91,578,000 in equity. Further, the company is expecting net income of 4,000,000 next year, and also expecting to pay $5,000,000 in

Baldwin's balance sheet has $91,578,000 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

$100,578,000 $37,447,000 $90,578,000 $47,447,000

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