Tall Tree Timber Has Net Income of $167,000 for the Year

Tall Tree Timber has net income of $167,000 for the year with 60,000 shares of stock outstanding.Big Trees is a similar firm with similar growth opportunities and it has 75,000 shares of stock outstanding with a market price of $32.20 a share and earnings per share of $1.60.What is the estimated value of Tall Tree Timber?

A) $1,603,210
B) $3,360,875
C) $6,440,000
D) $2,087,500
E) $4,008,325