ABF Corp. has a market value equal to its book value, excess cash of $1,000, other assets of $9,500, and equity worth $10,000. The firm has 250 shares of stock outstanding and net income of $1,400. What will be the stock price per share if the firm pays out its excess cash as a cash dividend?

$44.00

$36.00

$36.20

$41.60

$38.40