Digby's balance sheet has $91,415,000 in equity. Further, the company is expecting net income of 3,000,000 next year, and also expecting to issue $4,000,000 in new stock. If there are no dividends paid what will beDigby's book value?
1) $43,237,000
2) $35,237,000
3) $90,415,000
4) $98,415,000