The Venetian Corporation recently reported net income of $3,000,000. It has 1,500,000 shares of common stock, which currently trades at $30 a share. Venetian continues to expand and expects that 1 year from now its net income will be $3,750,000. Over the next year it also anticipates issuing an additional 450,000 shares of stock, so that 1 year from now it will have 1,950,000 shares of common stock. Assuming its price/earnings ratio remains at its current level, what will be its stock price 1 year from now?

Can you please explain steps on how you got the answer. So I can use it in my TI-84.