I would appreciate some help with Market Value Measures

Thanks for your expert help!

7. Market value measures Aa Aa Lane Inc. just reported net income of $3,200,000, and its current stock price is $30 per share. Lane is forecasting $4,000,000 in net income next year, but it also expects to have to issue 300,000 new shares of stock (raising its shares outstanding from 1,500,000 to 1,800,000). If Lane's forecast turns out to be right, and its price-earnings (PE) ratio does not change, what does Lane expect its stock price to be one year from now? O $33.33 $32.26 $31.25 O $35.71 O $34.38