7.Tucker's National Distributing has a current market value of equity of $10,665. Currently, the firm has excess cash of $640, total assets of $22,400, net income of $3,210, and 500 shares of stock outstanding. Tucker's is going to use all of its excess cash to repurchase shares of stock. What will the stock price per share be after the stock repurchase is completed?

A.$20.87

B.$20.94

C.$21.06

D.$21.33

E.$21.42

Please show how you arrived at the answer so that I may study it.