Peggy Grey's Cookies had net income of $272,800. The firm paid out 28 percent of net income to its shareholders as dividends. During the year, the company issued 10,000 new shares of common stock at a price of$17.50 per share andrepurchased $100,000 worth of common stock. What is the cash flow to shareholders?

a.-$75,000

b.$24,823

c.$76,328

d.$1,384

e.$3,652