Penrod Autoservice Ltd. Has 200,000 common shares at a market value of $10 per share, and a net income after tax of $90,000. The company would like to issue 30,000 more shares at $10 per share. How much income after tax will the company have to earn to maintain current shareholders' wealth? Select one: O $199,500 O $112,500 O $120,000 O $103,500

Bonrod Autosevice Utd. Has 200,000 common shases at a market value of $10 per share, and a net income after tax of $90,000. The company would like to issue 30,000 mare shares at $10 pet thate, How much income after tax wilt the company have to earn to maintain current shuteholders' wealth? 5190,500 s112,500 5120,000 5100,500