Newdex has net income of $3,700,000 and 1,000,000 shares outstanding. It needs to raise $5,700,000 in funds for a new asset. Its investment banker plans to sell an issue of common stock to the public for $50, less a spread of 10%. How much must newdex's after-tax income increase to prevent dilution of EPS? (Rounds "EPS" to 1 decimal place, intermediate and final answers to the nearest whole dollar amount.)

a. $273,800

b. $468,668

c. $421,800

d. none of these