Based on the corporate valuation model, Gray Entertainment's total corporate value is $1,400 million. The company's balance sheet shows $160 million of notes payable, $390 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 40 million shares of stock outstanding, what is the best estimate of its price per share? a. $21.25 b. $20.00 c. $24.00 d. $18.25 e. $15.50