Answer:
$16.76 per share
Step-by-step explanation:
Price Earning Ratio = Market Price per share ÷ Earnings per share
Market Price per share = $20.25
Earnings per share =

= $95,000,000/5,500,000 = $ 17.27
Price Earnings Ratio = 20.25/17.27 = 1.1726 times
Now, as per the new data,
New Net Income = 125% of 95,000,000 = 118,750,000
New no of outstanding shares = 8,300,000
New Earnings per share = $118,750,000/8300000 = $14.30
Given that price earning ratio remains the same in both years,
Market price per share after one year = Price Earnings Ratio × Earnings per share
Market Price per share after one year = 1.1726 times × 14.30 = $ 16.76 per share