Green Caterpillar Garden Supplies Inc. just reported earnings after tax $($also called net income$)$ of $$8,500,000,$ and a current stock price of $$34\mathrm{.}00$ per share. The company is forecasting an increase of $25\%$ for its after$-$tax income next year, but it also expects it will have to issue $2,000,000$ new shares of stock $($raising its shares outstanding from $5,500,000$ to $7,500,000).$

If Green Caterpillar's forecast turns out to be correct and its price$-$to$-$earnings $(\frac{P}{E})$ ratio does not change, what does the company's management expect its stock price to be one year from now? $($Note: Round intermediate calculations to four decimal places. Round the expected stock price to two decimal places.$)$

$$31\mathrm{.}17$ per share

$$34$ per share

$$23\mathrm{.}38$ per share

$$38\mathrm{.}96$ per share