Wood Cabinet's Is an All-Equity Firm with 210,000 Shares of Stock

Wood Cabinet's is an all-equity firm with 210,000 shares of stock outstanding.The book value per share is $19 and the market value per share is $48.The current net income is $546,000.An expansion project will cost $1.45 million.Assume the price-earnings ratio remains constant.By what amount must the new project increase the net income for the stock price to remain at $48?

A) $77,319
B) $80,600
C) $79,774
D) $82,061
E) $78,542