Determine the net income of a comparable firm based on the following information: value of target firm = $4,000,000; net income of target firm = $200,000; stock price of comparable firm = $30.00; and 300,000 shares of stock outstanding for the comparable firm.

a. $450,000 The answer should be "a" but how do I get to this number?

b. $500,000

c. $550,000

d. $600,000

e. $700,000