Question: Chester's balance sheet has $ 9 4 , 0 0 1 , 0 0 0 in equity. Further, the company is expecting net income of

Chester's balance sheet has $94,001,000 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 Chester's book value?
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$93,001,000
$103,001,000
$39,317,000
$49,317,000

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