Express Transportation’s current market-balance sheet shows assets of the firm are \($150\) million. The market value of the debt Express has issued is \($47\) million. Express has 1.5 million shares of common stock outstanding. Tomorrow, Express will issue 100,000 warrants. Each warrant has the option to buy five shares of Express common stock for one year. The proceeds of the issue will be used to pay the dividend that is due tomorrow. Call options on the firm’s stock with similar terms are currently selling for \($4.70.\) What will be the price of Express warrants?