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XYZ's balance sheet has $90,551,000 in equity. Further, the company is expecting net income of 4,000,000 next year, and also expecting to pay $5,000,000 in
XYZ's balance sheet has $90,551,000 in equity. Further, the company is expecting net income of 4,000,000 next year, and also expecting to pay $5,000,000 in dividends. If there is no new stock issued what will be XYZ's book value?
$46,209,000
$89,551,000
$36,209,000
$99,551,000
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