Based on the corporate valuation model, a company's total corporate value is $1,150 million. The companys balance sheet shows $420 million of long-term debt, $50 million of preferred stock, $180 million of retained earnings, and $800 million of total common equity. If the company has 30 million shares of stock outstanding, what is the best estimate of its price per share?

$22.44

$17.68

$22.67

$18.81

$26.07