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Digby's balance sheet has $97,525,000 in equity. Further, the company is expecting net income of 4,000,000 next year, and also expecting to pay $5,000,000 in

Digby's balance sheet has $97,525,000 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 Digby's book value?
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$51,293,000
$96,525,000
$41,293,000

$106,525,000

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