Based on the corporate valuation model, the total corporate value of Chen Lin Inc. is $725 million. Its balance sheet shows $160 million in notes payable, $130 million in long-term debt, $30 million in preferred stock, $140 million in retained earnings, and $280 million in total common equity. If the company has 10 million shares of stock outstanding, what is the best estimate of its stock price per share?

a. $40.50

b. $43.00

c. $56.50

d. $43.50

e. $26.50