A firm had common stock ($0.50 in par value) of $200,000 in 2017, and common stock ($0.50 in par value) of $360,000 in 2018. The same firm had capital surplus (or additional paid-in capital) of $3,500,000 in 2017, and $6,100,000 in 2018. What was the price an individual share (i.e. one share) was sold in 2017?

a)$8.00

b)8.63%

c)$16.26

d) We do not have sufficient information to answer this question