27. Based on the corporate valuation model, Gray Entertainment's total corporate value is $1,025 million. The company's balance sheet shows $120 million of notes payable, $300 million of long-term debt, $50 million of preferred stock. $180 million of retained carnings, and $800 million of total common equity. If the company has 30 million shares of stock outstanding, what is the best estimate of its price per share? a $14.80 6. $14.99 c. $18.50 d $17.21 e. $21.83