If All Interest Rates Decline 90 Basis Points $\Delta$ R/(1 + R)= -90 Basis Points),what Is the Change in R/(1

Multiple Choice

If all interest rates decline 90 basis points ( $\Delta$ R/(1 + R) = -90 basis points) ,what is the change in the market value of equity?

A) -$4.4300 million
B) +$3.9255 million
C) +$4.3875 million
D) +$2.5506 million