47 of 55 Based on the corporate valuation model, the total corporate value of Chen Lin Inc. is $600 million. Its balance sheet shows $130 million in notes payable, $110 million in long-term debt, $20 million in preferred stock, $140 million in retained earnings, and $280 million in total common equity. If the company has 30 million shares of stock outstanding, what is the best estimate of its stock price per share? a. $11.33 b. $12,00 c. $6.67 d. $12.67 e. $15.67