Determine the future value of a target venture which has net income expected to be $50,000 at the end of four years from now. A comparable firm currently has a stock price of $20.00 per shares; 100,000 shares outstanding; and net income of $50,000. Please show work.
a. $1.0 million
b. $1.4 million
c. $1.6 million
d. $2.0 million