Lane Inc Just Reported Net Income Of 2 800 000 And Its Current Stock Price Is 30

Lane inc just reported net income of $2,800,000 and its current stock price is $30 per share. lane is forecasting $4000000 in net income next year, but it also expects it will have to issue 300,000 new shares of stock ( raising its shares outstanding from 1,500,000 to 1,800,000). If lane’s forecast turns out to be right, and its price/earnings (P/E) ratio does not change, what does lane expect its stock price to be one year from now”