James corporation is planning a bond issue to fiancnce a new project. james plans to issue 200 bonds with face value of $1000 each and coupon rate of 8%. the tax rate is 40%. the projected EPS after completion of the projects is $5.52. What are the projected after taxes earnings after completion of the projects if there are 200,000 shares outstanding ?

A. $1,100,000

B. $1,104,000

C $ 1,110,000

D $ 1,120,000