Jonathan holds 1,000 shares of common stock in a company that only has 10,000 shares outstanding. The company’s stock is currently valued at $40.00 per share. The company needs to raise new capital to invest in production. The company is looking to issue 5,000 new shares at a price of $30.00 per share. Jonathan worries about the value of his investment. If the company issues new shares and Jonathan makes no additional purchase, his investment will be closest to $____. 

a. 35,000 b. 35,670 c. 36,670 d. 36,000