The Baldwin's balance sheet has $112,250,000 in equity. Further, the company is expecting $3,000,000 in net income next year. Assuming no dividends are paid and no stock is issued, what would their Book Value be next year?

Select: 1

$36.44

$18.40

$79.30

$35.49

			31-Dec-19
Stock Market Summary
Company	Close	Change	Shares	MarketCap ($M)	Book Value	EPS	Dividend	Yield	P/E
Andrews	$64.55	$14.12	2,350,907	$152	$50.80	$6.85	$0.00	0.00%	9.4
Baldwin	$44.05	$6.62	3,163,122	$139	$35.49	$2.43	$0.32	0.70%	18.1
Chester	$178.02	$55.30	1,876,622	$334	$57.73	$22.96	$18.54	10.40%	7.8
Digby	$41.46	$12.63	3,172,579	$132	$27.67	$3.42	$2.94	7.10%	12.1
Closing Stock Price Chart
Bond Market Summary
	Company	Series#	Face	Yield	Close$	S&P
	Andrews
		11.2S2022	$8,837,000	11.10%	100.73	AA
		11.9S2023	$7,072,000	11.50%	103.11	AA
	Baldwin
		12.4S2023	$2,493,543	12.90%	95.9	CCC
		12.0S2025	$15,724,747	12.90%	92.96	CCC
		12.5S2026	$17,727,657	13.20%	94.39	CCC
		13.1S2027	$34,347,143	13.50%	96.73	CCC
		13.7S2028	$23,147,535	13.80%	99.5	CCC
	Chester
		11.2S2025	$1,789,488	11.80%	95.12	BB
		11.5S2026	$1,297,616	12.00%	95.94	BB
		11.7S2027	$18,233,730	12.10%	96.57	BB
		12.5S2028	$12,989,259	12.40%	100.53	BB
	Digby
		11.3S2022	$664,683	12.10%	93.51	CC
		12.5S2023	$14,665,611	13.10%	95.35	CC
		12.5S2024	$7,999,360	13.20%	94.52	CC
		12.5S2025	$9,474,919	13.30%	93.8	CC
		12.9S2026	$14,403,416	13.60%	94.87	CC
		13.3S2027	$28,851,411	13.80%	96.3	CC
		14.1S2028	$9,191,573	14.10%	100	CC