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The Baldwin's balance sheet has $120,296,000 in equity. Further, the company is expecting $3,000,000 in net income next year. Assuming no dividends are paid and

The Baldwin's balance sheet has $120,296,000 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?

$39.44

$38.48

$85.83

$20.67

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