A firm has balance sheet accounts indicating the following:"common stock" = $40,000; "paid in capital in excess of par on common" = $500,000; "preferred stock" = $100,000; "retained earnings" = $750,000.The firm has 40,000 common shares outstanding.Given that information, the single issue of common stock originally sold for:

a.$12.50 per share

b.$13.50 per share

c.$16.00 per share

d.$34.75 per share