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LaLa Company currently has 100,000 shares of common stock outstanding and a price-earnings ratio of seven. Net income for the recently ended year is $375,000. LaLa board of directors declared a 15-for-2 stock split. Sunshine owned 100 shares of LaLa company before the split. What is the approximate value of Sunshine’s investment in LaLa immediately after the split:
a. $ 26
b. $ 350
c. $2,625
d. $5,250