The Bellagio Corporation recently reported net income of $2,000,000. It has 250,000 shares of common stock, which currently trades at $60 a share. Bellagio continues to expand and expects that 1 year from now its net income will be $2,500,000. Over the next year it also anticipates issuing an additional 50,000 shares of stock, so that 1 year from now it will have 300,000 shares of common stock. Assuming its price/earnings ratio remains at its current level, what will be its stock price 1 year from now? Oa $75.00 Ob. $50.00 c. 560.00 d. 562.50 e. $57.60